09:21 AM EDT, 06/07/2024 (MT Newswires) -- (Updates with UBS response in the last paragraph.)

UBS' (UBS) defunct Credit Suisse's Eastern European debt has drawn interest from RBC BlueBay Asset Management, Bloomberg News reported Friday, citing RBC BlueBay executive Polina Kurdyavko.

About 10 Credit Suisse emerging-market loans come to the market each week, ranging from $20 million to $200 million in size, Bloomberg said, citing Kurdyavko, head of RBC BlueBay's emerging market debt department.

The report said that rather than find a single buyer, UBS decided in January to sell off pieces of Credit Suisse, which it acquired in a takeover backed by the Swiss government after its 2023 collapse.

UBS declined to comment on the matter, while RBC BlueBay did not reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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