Walder Wyss with UBS Switzerland issuance of covered bonds  

UBS Switzerland successfully closed its issuance of covered bonds under its covered bond program in an aggregate principal amount of EUR 1.75 billion, consisting of EUR 1 billion 3.146% covered bonds due June 2031 and EUR 750 million floating rate covered bonds due April 2027. The covered bonds are governed by Swiss law and are listed on SIX Swiss Exchange.

UBS acted as Arranger and UBS London Branch, Bank of Montreal London Branch, Coöperatieve Rabobank U.A., Credit Agricole Corporate and Investment Bank, Erste Group Bank, Landesbank Baden-Württemberg, Nordea Bank Abp and UniCredit Bank GmbH as Joint Lead Managers and Dealers and ABANCA Corporación Bancaria, and Caixa – Banco de Investimento, as Managers and Dealers.

Walder Wyss’ team

Walder Wyss advised the Arranger and the Dealers in respect of all transactional, regulatory and tax aspects of Swiss law in relation to the issuance. The Walder Wyss team was jointly led by finance/capital markets partner Roger Ammann (pictured left) and finance/capital markets partner Johannes A. Bürgi (pictured right) and included Thomas Meister (partner, tax) and Luca Bottani (trainee lawyer, finance/capital markets).