Deals & Cases

Homburger advised Raiffeisen Schweiz Genossenschaft on the Issuance of its EUR 500 m 4.840 per cent. Bail-in Bonds due 2028

On May 3, 2023, Raiffeisen Schweiz Genossenschaft, a Swiss systemically relevant bank, successfully completed its issuance of EUR 500 m of 4.840 per cent. debt instruments for loss absorbency in the event of insolvency measures (bail-in bonds) due 2028 under its issuance program. The instruments have been provisionally admitted to trading and will be listed on the SIX Swiss Exchange. These bail-in bonds have been recognized by FINMA as eligible for recognition to meet the requirements as loss-absorbing funds and, therefore, are exempted from Swiss withholding tax.

Homburger advised Raiffeisen Schweiz Genossenschaft with respect to all aspects of Swiss law. The Homburger team was led by Benjamin Leisinger and included Sofiya Shavlak (both Capital Markets) as well as Stefan Oesterhelt (Tax).