Walder Wyss with Cembra and ZKB on bond issuance
Walder Wyss advised Cembra Money Bank and Zürcher Kantonalbank (ZKB) in connection with the establishment of a CHF 1 bn programme leading to the issuance of auto covered bonds by Cembra Money Bank itself, with Cembra Auto Finance guaranteeing on the instruments.
In particular, Cembra completed its inaugural issuance of CHF 150 million 0.725% fixed rate auto covered Bonds due 2030 under its Auto Covered Bond Programme. The Swiss law governed bonds will be listed on the SIX Swiss Exchange. Zürcher Kantonalbank led the transaction as sole arranger and sole lead manager.
The Walder Wyss team
The Walder Wyss lineup featured partners David Borer (finance/capital Markets, pictured), Lukas Wyss (cinance/capital Markets), Roger Ammann (finance/Capital Markets) and Maurus Winzap (tax), counsel Jan Ole Luuk (tax/VAT), senior associate Manu Ferro (finance/capital markets), transaction manager Ganna Schneuwly (finance/capital markets), as well as trainee lawyers Lisa Mrose (finance/capital markets) and Simon Meier (finance/capital markets).
