Investing.com -- UBS Group AG (SIX: UBSG ) announced its intention to redeem two sets of outstanding notes worth over $3 billion combined.

The Swiss banking giant plans to redeem $1.5 billion of its 6.373% Fixed Rate/Floating Rate Senior Callable Notes due 2026. The last trading day for these senior notes will be July 11, 2025.

Additionally, UBS intends to redeem $1.575 billion of its 6.875% Tier 1 Capital Notes. These tier 1 notes will have their final trading day on August 5, 2025.

The announcement represents a significant debt redemption plan for the bank, with the combined value of both note redemptions totaling approximately $3.075 billion.

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