Homburger advises UBS on JPY 110bn notes issuance
Homburger advised UBS Group on its issuance of JPY 110 billion in aggregate principal amount of fixed rate/fixed rate callable senior notes under its senior debt programme.
Deal Details
The issuance was split into three tranches: JPY 65.6 billion in 2.362 per cent notes due July 2030, JPY 35.6 billion in 2.759 per cent notes due July 2032, and JPY 8.8 billion in 3.427 per cent notes due July 2037. The notes qualify as bail-inable (TLAC) bonds eligible to count towards UBS Group AG’s Swiss gone concern capital requirement.
The Notes are governed by Swiss law and have been provisionally admitted to trading on the SIX Swiss Exchange, with an application pending for definitive admission to trading and listing.
The Homburger team
The Homburger team advising UBS Group AG was led by partners Stefan Kramer and Benedikt Maurenbrecher, and included Lee Saladino and Daniel Hulmann, all from the firm’s capital markets practice, alongside Stefan Oesterhelt, who advised on tax matters.
