Swiss Prime Site has issued convertible loan notes in the aggregate amount of CHF 275 million to ELM, a repackaging vehicle. ELM in turn issued its own exchangeable notes secured by the convertible loan notes issued by Swiss Prime Site. These exchangeable notes are convertible into registered shares of Swiss Prime Site and have been […]
Banking & Finance
Capital Markets
Deal & transactions
Baker & McKenzie advises GF in the acquisition of Uponor
Baker McKenzie advised Georg Fischer (GF) in a voluntary recommended public cash tender offer for all shares in Finnish piping system specialist Uponor. On 12 June 2023, GF and Uponor entered into a combination agreement. The total
On June 8, 2023, Zürcher Kantonalbank has successfully completed its inaugural EUR Bail-in Bond issuance in the amount of EUR 500 million. ZKB’s Bail-in Bonds are novel instruments which have been designed and issued on the
The Zurich-based DKSH has linked an existing CHF 315 million term loan facility to sustainability targets. In this sense, Niederer Kraft Frey has advised ING Bank Singapore Branch, acting as sustainability coordinator, on DKSH’s first
Baker McKenzie Switzerland advised DocMorris in connection with the repurchase offer for its CHF 200 million bonds due 2024. On 12 May 2023, DocMorris announced an invitation to bondholders to tender any-and-all of their 2.50% bonds due 21 November 2024 for cash.
UBS, acting through its London branch, successfully completed its issuance of (i) CHF 310 million aggregate principal amount of 2.385 per cent. Notes due 2025, and (ii) CHF 150 million aggregate principal amount of 2.550 per cent. Notes due 2029, in
AMAG Leasing issued CHF 170 million Green Bonds with a maturity date in 2026 and a coupon of 2.625%. The Green Bonds will be listed at the SIX Swiss Exchange. Zürcher Kantonalbank and UBS Investment Bank acted
MLL Legal acted as transaction counsel for the owners of Novasina and SIC Group on the sale of Novasina. Novasina specializes in the development and manufacturing of precision measuring instruments for water activity, air and
VectivBio Holding, a clinical-stage biopharmaceutical company pioneering novel transformational treatments for severe rare gastrointestinal conditions, and Ironwood Pharmaceuticals, a GI-focused healthcare company, announced that they had entered into an agreement for Ironwood to launch an
Meyer Burger Technology has successfully issued green senior unsecured guaranteed convertible bonds due 2029 in the aggregate amount of EUR 216.3 m. The bonds were placed in a private placement with a coupon of 3.75% per annum. The
