Zurich, March 22, 2023
Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules
UBS Group AG (the “Issuer”) invites the holders of the EUR 1.5 billion 4.625 % fixed rate notes due March 2028
UBS Group AG (the “Issuer”) invites the holders of the EUR 1.5billion 4.625 % fixed rate notes due March 2028 with ISIN CH1255915006 and the EUR 1.25 billion 4.750 % fixed rate notes due March 2032 with ISIN CH1255915014 (together the “Notes”), both of which were issued on March 17, 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 March 19 , 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 %. of the principal amount of the relevant Note accepted for purchase, and (ii) in the case of the Notes due March 2032, 99.518 %. of the principal amount of the relevant Note accepted for purchase.
The Offers commence on March 22, 2023 with the Early Expiration Deadline on 28 March 2023, and the Final Expiration Deadline on April 4 ,2023 (together, the “Expiration Deadlines”), unless extended, withdrawn or terminated at the sole discretion of the Issuer.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.