UBS repurchased $7.93 billion in legacy Credit Suisse senior notes, cutting inherited debt from $90 billion to roughly $29 billion since the 2023

(Bloomberg) -- UBS Group AG is buying back $7.9 billion of old Credit Suisse bonds, its biggest move yet to shrink the debt load it inherited when taking over its crosstown rival.

UBS repurchased $7.93 billion of legacy Credit Suisse bonds through nine concurrent tender offers, targeting high-coupon debt with rates up to