Homburger: UBS issued EUR 1.75bn covered bonds

Homburger advised UBS Switzerland as issuer and UBS Hypotheken Schweiz as guarantor on the UBS successfull completed issuance of Covered Bonds under the program in an aggregate principal amount of EUR 1.75 bn, consisting of EUR 1 bn Floating Rate Covered Bonds due April 2027 and EUR 750 m 3.146% Covered Bonds due 21 June 2031.

Covered Bonds are governed by Swiss law and listed on SIX Swiss Exchange. The Covered Bonds are indirectly backed by a portfolio of mortgages from UBS Switzerland AG’s domestic mortgage pool.

Homburger’s team

Stefan Kramer (pictured left) and Benedikt Maurenbrecher (pictured right) jointly led the team, which included Daniel Hulmann, Sofiya Shavlak and Michelle Wolf (all capital markets) as well as Stefan Oesterhelt (tax).

benedetta.miarelli@lcpublishinggroup.com

SHARE