Kantonsspital St. Gallen issues CHF 275m amount of bonds. The advisors

Kantonsspital St. Gallen, a public-law institution, launched and priced its issuance of CHF 275 million in aggregate principal amount of CHF 150 million 0.30% bonds 2021-2036 and CHF 125 million 0.05% bonds 2021-2031. The bonds have been offered in full compliance with the Financial Services Act.

The bonds are governed by Swiss law and are expected to be provisionally admitted to trading on September 29, 2021, and application will be made for definitive admission to trading and listing of the bonds, on the SIX Swiss Exchange. Closing is expected on September 30, 2021.

The Advisors

Homburger advised the Kantonsspital St. Gallen with respect to aspects of Swiss law. The Homburger team was led by partner Benjamin Leisinger and included junior associate Pascal Theis as well as paralegal Ganna Schneuwly (all capital markets).

Zürcher Kantonalbank acted as lead manager and Raiffeisen Schweiz Genossenschaft as well as St.Galler Kantonalbank as co-managers. Avobis Advisory acted as Structuring Agent and Capital Market Adviser for the Kantonsspital St. Gallen.