Only one year after the companthiy’s incorporation, Kellerhals Carrard has advised ETH Zurich spin-off EthonAI in its USD 6.8 million oversubscribed seed round. The round was co-led by Earlybird Venture Capital and La Famiglia with participation of existing investors, Wingman Ventures and Acequia Capital. EthonAI’s powered software helps manufacturers boost performance by detecting, monitoring, and […]
ADC Therapeutics, a commercial-stage biotechnology company headquartered in Lausanne, announced the pricing of an underwritten offering of 12 m ADCT shares currently owned by A.T. Holdings II, an affiliate of Auven Therapeutics Holding, at a price of USD 5.00 per share. ADCT itself did not sell any shares in the offering. The Swiss company is […]
Baker McKenzie advised PSP Swiss Property on the conversion of its CHF 1.8 billion bond portfolio to green bonds based on the company’s Green Bond Framework. The Green Bond Framework is tied to a green asset portfolio, which is to become successively more sustainable. The qualification of properties for the green asset portfolio is based […]
Credit Suisse, acting through its London branch, successfully completed its issuance of EUR 750 m aggregate principal amount of 5.550 per cent. senior notes due 2026. Credit Suisse issued the Notes through its London branch in two separate tranches: the first tranche of EUR 500 m was issued on February 20, 2023, and the second tranche of EUR 250 m was issued […]
ABB E-mobility, a global leader in electric vehicle (EV) charging solutions, has signed an agreement with four minority investors to raise an additional CHF 325 million in funds, in exchange for a total shareholding of approximately 12 percent in the company. This transaction represents the second and final part of ABB E-mobility’s pre-IPO private placement […]
Swiss Life Holding successfully placed three tranches of senior bonds totalling CHF 600 million on 11 January 2023, comprising a tranche of CHF 200 million with maturity in 2026 and a 2.04% coupon, a tranche of CHF 200 million with maturity in 2028 and a 2.2588% coupon and a tranche of CHF 200 million with […]
Credit Suisse has successfully completed its issuance of GBP 500 m aggregate principal amount of 7.750 per cent. senior notes due 2026. The Notes were issued under Credit Suisse’s Euro Medium Term Note Programme. The Notes have been admitted to trading on the Luxembourg Stock Exchange and listed on the Official List of the Luxembourg Stock Exchange. […]
As we have informed here NLS Pharmaceutics, a Swiss clinical-stage biopharmaceutical company focused on the discovery and development of innovative therapies for patients with rare and complex central nervous system disorders, announced that it has entered into a definitive agreement with funds managed by BVF Partners, a US fund manager, to raise aggregate gross proceeds […]
Baker McKenzie advised UBS on a transnational digital securities issuance using the distributed ledger technology (DLT). The USD 50 million fixed rate digital securities were placed in Singapore and Hong Kong and issued and settled on 15 December 2022. The transaction is an issue of uncertificated securities on chain which are constituted under English and […]
The Swiss financial industry has successfully traded and settled tokenized investment products. For the first time, key players in the Swiss financial industry successfully developed and tested a novel settlement mechanism for tokenized investment products on a public blockchain testnet infrastructure. A smart contract, developed by the Capital Markets and Technology Association (the CMTA), allows […]
