On July 29, 2020, UBS Group AG completed the issuance of USD 750 m 5.125 per cent. Tier 1 Capital Notes. The Notes are “high trigger” regulatory capital instruments that are eligible to fulfill UBS Group AG’s Swiss going concern requirements. The Notes are governed by Swiss law and have been provisionally admitted to trading, and application has been made for admission to trading and listing of the Notes, on the SIX Swiss Exchange.
Homburger advised UBS with respect to all regulatory and transactional aspects of Swiss law. The team was led by partner Benedikt Maurenbrecher (Banking and Finance/ Capital Markets – pictured ) and included counsel Lee Saladino, associate Olivier Baum (both Banking and Finance/ Capital Markets), as well as partner Stefan Oesterhelt (Tax).