Announcement of tender offer of certain UBS Group AG senior unsecured bail-in notes
March 22 2023 - 1:45AM
Business Wire
Ad hoc announcement pursuant to Article 53 of the SIX Exchange
Regulation Listing Rules
Regulatory News:
UBS Group AG (NYSE:UBS) (SWX:UBSN) (the “Issuer”) invites the
holders of the EUR 1.5bn 4.625% fixed rate notes due March 2028
with ISIN CH1255915006 and the EUR 1.25bn 4.750% fixed rate notes
due March 2032 with ISIN CH1255915014 (together the “Notes”), both
of which were issued on 17 March 2023 (the “Issue Date”), to tender
their Notes for cash (the “Offers").
Whilst UBS has been in compliance with all of its obligations
relating to the Notes since the Issue Date, the Issuer is offering
to purchase the Notes at their respective re-offer price in light
of the exceptional corporate actions announced on 19 March 2023,
shortly after the issue date. The Issuer has decided to launch this
exercise as a result of a prudent assessment of these recent
developments and the Issuer's long-term commitment to its credit
investors.
The price payable by the Issuer in respect of the Notes of each
tranche accepted for purchase (the “Purchase Price”) will be (i) in
the case of the Notes due March 2028, 99.932 per cent. of the
principal amount of the relevant Note accepted for purchase, and
(ii) in the case of the Notes due March 2032, 99.518 per cent. of
the principal amount of the relevant Note accepted for
purchase.
The Offers commence on 22 March 2023 with the Early Expiration
Deadline on 28 March 2023, and the Final Expiration Deadline on 4
April 2023 (together, the “Expiration Deadlines”), unless extended,
withdrawn or terminated at the sole discretion of the Issuer.
Please refer to the Official Notice published to SIX Swiss
Exchange for more information. The Official Notices are accessible
here:
https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/news-tools/official-notices.html#/.
Disclaimer
This document and the information contained herein are provided
solely for information purposes, and are not to be construed as a
solicitation of an offer to buy or sell any securities or other
financial instruments in Switzerland, the United States or any
other jurisdiction. No investment decision relating to securities
of or relating to UBS Group AG, UBS AG or their affiliates should
be made on the basis of this document. UBS undertakes no obligation
to update the information contained herein.
This document contains statements that constitute
“forward-looking statements.” While these forward-looking
statements represent UBS’s judgments and expectations concerning
the matters described, a number of risks, uncertainties and other
important factors could cause actual developments and results to
differ materially. For a discussion of the risks and uncertainties
that may affect UBS’s future results please refer to the “Risk
Factors” and other sections of UBS’s most recent Annual Report on
Form 20-F, quarterly reports and other information furnished to or
filed with the US Securities and Exchange Commission on Form 6-K.
UBS’s Annual Report on Form 20-F, quarterly reports and other
information furnished to or filed with the US Securities and
Exchange Commission on Form 6-K are also available at the SEC’s
website: www.sec.gov.
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UBS Group AG
Investor Relations: Switzerland: +41-44-234 41 00
Media Relations: Switzerland: +41-44-234 85 00 UK: +44-207-567
47 14 Americas: +1-212-882 58 58 APAC: +852-297-1 82 00
www.ubs.com/media
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