Baku 31° C
UBS buys back nearly $3 bln bonds issued days ago
Finance
- 22 March, 2023
- 13:40
UBS Group (UBSG.S) said on Wednesday it would buy back 2.75 billion euros ($2.96 billion) worth of debt it sold just days ago, seeking to boost confidence among investors rattled by its $3 billion rescue of rival Credit Suisse at the weekend, Report informs, citing Reuters.
The bonds in question are senior unsecured bail-in notes that were sold on March 9: a 1.5 billion-euro 4.625% fixed-rate note due March 2028 and a 1.25 billion-euro 4.750% fixed rate note due March 2032, UBS said in a statement.
Author
Latest News
17:27
Wheat shipment to Armenia to transit through Azerbaijan
Business17:19
Iran backs Hamas stance in Gaza talks, Pezeshkian says
Region17:03
Introduction of age restrictions on social media aligns with global challenges – MP
Domestic policy16:54
BIG: UN experts cite Indian intelligence plot to assassinate Sikh leader in Canada
Foreign policy16:48
Kazakhstan upgrades Kuryk port to boost cargo handling
Infrastructure16:30
Azerbaijan, Kazakhstan complete offshore installation of Trans-Caspian fiber-optic cable
Infrastructure16:28
Special plywood production project to be launched in Sumgayit Industrial Park
Industry16:21
Azerbaijan wins 22 medals at Batumi Open taekwondo event
Individual sports16:19