UBS Launches Offers To Buy Back Nine Series Of Outstanding Debt, Moves To Repurchase Multiple Bond Issues In New Debt Buyback Plan
UBS Group AG (the "Offeror") (NYSE:UBS) (SWX:UBSN) announces today that it is commencing nine concurrent and separate offers (each, an "Offer" and collectively, the "Offers") to purchase
UBS is buying back some of its own bonds—money it borrowed that it now wants to repay early. This usually means the company thinks it's a good time to reduce its debt, which can be a sign of financial strength.
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