UBS launches cash tender offers for nine Credit Suisse note series, including USD 2 billion capped purchase program
UBS•UBS launches tender offers for Credit Suisse senior debt
UBS launched nine cash tender offers for senior debt securities originally issued by Credit Suisse Group.
- Offers cover Any and All series, plus a Maximum Purchase series capped at USD 2 billion in total consideration.
- Pricing is set on Sept. 10, 2026 using reference government yields plus fixed spreads; accrued interest will be paid separately.
- Tenders are due by 5 p.m. ET on Sept. 10, 2026.
- Settlement is expected on Sept. 14, 2026.
- The transaction targets funding and TLAC optimization, aiming to cut interest expense; total consideration could reach about USD 6 billion.
