Homburger with UBS on the issuance of USD 500mln capital notes
Homburger advised UBS Group on its issuance of USD 500 mln of 5.600 per cent. Tier 1 Capital Notes, which are redeemable at the option of UBS Group AG for the first time on December 21, 2029.
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.
The Notes are governed by Swiss law and have been provisionally admitted to trading, and application has been made for definitive admission to trading and listing of the Notes, on the SIX Swiss Exchange.
Homburger’s team
Stefan Kramer (pictured left) and Benedikt Maurenbrecher (pictured right) led the team, which included Lee Saladino (all capital markets), Claude Lambert (corporate / M&A), Stefan Oesterhelt (tax) and Daniel Hulmann (capital markets).
