Homburger advised UBS Group on issuance of USD 750 m Tier 1 Capital Notes
UBS Group completed its issuance of USD 750 m 3.875 per cent Tier 1 Capital Notes. The Notes are «high trigger» regulatory capital instruments that are eligible to fulfill UBS Group’s Swiss going concern requirements.
The Notes are governed by Swiss law and have been provisionally admitted to trading. Application has been made for definitive admission to trading and listing of the Notes, on the SIX Swiss Exchange.
Homburger acted as legal counsel to UBS with respect to aspects of Swiss law. The Homburger team was led by partner Benedikt Maurenbrecher (pictured) and included partner Stefan Kramer, counsel Lee Saladino, Associate Olivier Baum and Associate Sofiya Shavlak (all Capital Markets), as well as partner Stefan Oesterhelt (Tax).
UBS Group was incorporated on 10 June 2014 and was established in 2014 as the holding company of the UBS Group. UBS Group shares are listed on the SIX Swiss Exchange and on the New York Stock Exchange.
