Homburger with ZKB on EUR 500 m bond issuance

Homburger advised Zürcher Kantonalbank on the issuance of EUR 500 m Bail-in Bonds.

The bonds, including the newly placed EUR 500 m 3.622% 6NC5 Bail-in Bonds, have been designed and issued on the basis of a legal framework allowing Cantonal Banks to issue Total-Loss-Absorbing-Capacity (Gone-Concern Capital) Bonds.

BNP PARIBAS, Commerzbank Aktiengesellschaft, UBS London Branch and Zürcher Kantonalbank acted as Joint Lead Managers.

The Homburger team

The team advising Zürcher Kantonalbank as issuer on all Swiss law aspects was led by Benjamin Leisinger (capital markets and financial market regulation, pictured) and included Sofiya Shavlak and Yulia Shaburnykova (both capital markets). Tax aspects were covered by Dieter Grünblatt.