Homburger with UBS on the issuance of USD 1.5 bn capital notes

Homburger advised UBS Group on its issuance of USD 1.5 bn of 6.850 per cent Tier 1 capital notes with an equity conversion feature, redeemable at the option of UBS Group after five years. The notes are governed by Swiss law and have been provisionally admitted to trading, and application will be made for definitive admission to trading and listing of the Notes, on the SIX Swiss Exchange.

Homburger team

The Homburger team was led by Benedikt Maurenbrecher (pictured right) and Stefan Kramer (pictured left) – both capital markets – and included Lee Saladino, Daniel Hulmann, Philipp Klein and Yulia Shaburnykova (all capital markets), Claude Lambert (corporate / M&A) as well as Stefan Oesterhelt (tax).

High trigger notes

The notes are “high trigger” regulatory capital instruments that are eligible to fulfill UBS Group AG’s Swiss going concern requirements. Upon occurrence of a “Trigger Event” or a “Viability Event”, the Notes will be converted into ordinary shares of UBS Group AG in accordance with their terms.