UBS intends to fully redeem the senior notes with a total volume of 1,75 billion dollar at the optional redemption date on 12 January 2026, the bank said on Friday. The original maturity of the notes (ISIN US902613AU26 / USH42097DS35), which carry a coupon of 5,711 percent, was 12 January 2027.

In recent months, the major bank has redeemed several of its own bonds as well as bonds issued by the former Credit Suisse ahead of schedule in order to optimize its funding structure. An overview of UBS’s capital instruments can be found here.