ZURICH, SWITZERLAND--(Marketwired - Dec 16, 2015) - NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON RESIDENT AND/OR LOCATED IN, ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL
UBS AG today announced the expiration as of 12:00 p.m., New York City time, on December 15, 2015, of its previously announced cash tender offers (the "Offers"). The Offers were made on the terms and subject to the conditions contained in a tender offer memorandum dated December 4, 2015 (the "Tender Offer Memorandum") and the notice of guaranteed delivery (the "Notice of Guaranteed Delivery").
Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Tender Offer Memorandum.
The table below sets forth, among other things, the aggregate principal amount of Securities of each Series validly tendered and accepted for purchase pursuant to the Offers.
Title of Security | CUSIP | ISIN | Principal Amount Outstanding as of the Commencement of the Offers | Principal Amount Tendered(1) | Principal Amount Tendered Using Guaranteed Delivery Procedures | Total Consideration (per $1,000) | ||||||
Subordinated Dated Tier 2 Notes | ||||||||||||
5.875% Notes due July 15, 2016(2) | 90261XBY7 | US90261XBY76 | $930,600,000 | $282,741,000 | $10,650,000 | $1,027.57 | ||||||
7.375% Notes due June 15, 2017(3) | 87083KAM4 | US87083KAM45 | $300,000,000 | $79,601,000 | $20,000 | $1,080.39 | ||||||
7.500 % Notes due July 15, 2025(3) | 870836AC7 | US870836AC77 | $350,000,000 | $86,213,000 | $13,333,000 | $1,268.79 | ||||||
7.750 % Notes due September 1, 2026(3) | 870845AC8 | US870845AC84 | $300,000,000 | $80,008,000 | $2,264,000 | $1,315.61 | ||||||
Senior Unsecured Notes | ||||||||||||
5.875 % Notes due December 20, 2017(2) | 90261XEM0 | US90261XEM02 | $2,484,645,000 | $1,284,479,000 | $15,210,000 | $1,083.34 | ||||||
5.750 % Notes due April 25, 2018(2) | 90261XFA5 | US90261XFA54 | $1,907,380,000 | $905,480,000 | $125,000 | $1,089.92 | ||||||
4.875 % Notes due August 4, 2020(2) | 90261XGD8 | US90261XGD84 | $1,974,078,000 | $875,250,000 | $1,211,000 | $1,109.81 | ||||||
Covered Bonds | ||||||||||||
2.250 % Notes due March 30, 2017(4) | 90349CAA2 | US90349CAA27/ XS0765656276 |
$2,000,000,000 | $1,566,940,000 | $72,700,000 | $1,017.18 | ||||||
(1) Excluding principal amounts tendered using guaranteed delivery procedures.
(2) Issued by UBS AG acting through its Stamford Branch.
(3) Originally issued by Swiss Bank Corporation (currently, UBS AG) acting through its New York Branch.
(4) Issued by UBS AG acting through its London Branch.
Accrued Interest Payment
An amount equal to accrued and unpaid interest will also be paid in respect of all Securities validly tendered and accepted for purchase by the Offeror pursuant to the Offers from, and including, the immediately preceding interest payment date for the relevant Series of Securities to, but excluding, the Settlement Date.
If the Settlement Date occurs on or after a regular record date for the payment of interest on any Series of Securities and on or before the related interest payment date for such Series of Securities, Holders who tender Securities that they held on any such regular record date and which are accepted for purchase pursuant to the relevant Offer, will not receive any accrued and unpaid interest on such Securities on such interest payment date, but instead will receive the Accrued Interest on the Settlement Date.
Settlement
The Total Consideration and Accrued Interest for Securities validly tendered before the Expiration Deadline, and accepted for purchase, will be paid to Holders on the Settlement Date. The Settlement Date is expected to be December 18, 2015.
Concurrent Non-U.S. Tender Offers
On December 4, 2015 the Offeror also invited holders of: (1) certain pound sterling, euro and Italian lira denominated debt securities who are outside the United States to tender those securities for purchase by the Offeror (the "European Offer"); and (2) certain Swiss franc denominated debt securities who are outside the United States to tender those securities for purchase by the Offeror (the "Swiss Offer"). This announcement does not relate to the European Offer or the Swiss Offer.
FURTHER INFORMATION
Lucid Issuer Services Limited acted as tender agent (the "Tender Agent") for the purposes of the Offers.
UBS Limited, an affiliate of the Offeror, acted as the Lead Dealer Manager (the "Lead Dealer Manager") and Australia and New Zealand Banking Group Limited; BB&T Capital Markets, a division of BB&T Securities LLC; BMO Capital Markets Corp.; Daiwa Capital Markets Europe Limited; Danske Bank A/S; DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main; National Australia Bank Limited; RBS Securities Inc.; and Santander Investment Securities Inc. acted as co-dealer managers (each, a "Co-Dealer Manager" and, together with the Lead Dealer Manager, the "Dealer Managers") in connection with the Offers.
Requests for information in relation to the Offers should be directed to:
LEAD DEALER MANAGER | ||
UBS Limited 1 Finsbury Avenue London EC2M 2PP United Kingdom |
||
In the United States: Toll Free: +1 888 719 4210 Collect: +1 203 719 4210 Email: andrew.cardamone@ubs.com/ andrew-w.lee@ubs.com Attention: Liability Management Group |
Outside the United States: Tel: +1 203 719 8682 / +44 20 7568 4601 Email: mark-t.watkins@ubs.com/ torstein.berteig@ubs.com Attention: Liability Management Group |
TENDER AGENT |
Lucid Issuer Services Limited Tankerton Works 12 Argyle Walk London WC1H 8HA United Kingdom Tel: +44 20 7704 0880 Email: ubs@lucid-is.com Attention: Paul Kamminga/Thomas Choquet |
DISCLAIMER
This announcement must be read in conjunction with the Tender Offer Memorandum. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Managers and the Tender Agent to inform themselves about and to observe any such restrictions.
Contact Information:
Contacts:
RNS
Customer Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com