48FINANCE
⚡ Markets: The buyback is a positive signal for UBS's financial health and its ability to efficiently manage the complex Credit Suisse integration. It should tighten spreads on remaining UBS and ex-CS debt.UBSCS (bonds)
UBS Group AG has repurchased $7.9 billion of senior unsecured debt originally issued by Credit Suisse. The move, described as the largest-ever buyback, is part of UBS's efforts to manage its balance sheet and funding costs following its acquisition of its former rival.
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