Homburger advised UBS Group AG on its issuance of EUR 2.25 bn in aggregate principal amount of Fixed Rate Senior Notes under its Senior Debt Programme

On February 24, 2021, UBS Group AG (UBS) successfully completed its issuance of EUR 2.25 bn in aggregate principal amount of Fixed Rate Senior Notes under its Senior Debt Programme. Such Fixed Rate Senior Notes consisted of EUR 1 bn in aggregate principal amount of 0.250 per cent. Notes due February 2028 (the EUR 2028 Notes) and EUR 1.25 bn 0.625 per cent. Notes due February 2033 (the EUR 2033 Notes, and together with the EUR 2028 Notes, the Notes) under its Senior Debt Programme. The Notes are bail-inable (TLAC) bonds that are eligible to count towards UBS’s Swiss gone concern requirement.

The Notes are governed by Swiss law and have been provisionally admitted to trading, and application has been made for definitive admission to trading and listing of the Notes, on the SIX Swiss Exchange.

Homburger advised UBS with respect to all regulatory and transactional aspects of Swiss law. The Homburger team was led by partner Benedikt Maurenbrecher (Capital Markets) and included partner Stefan Kramer, counsel Lee Saladino, associates Andrea Ziswiler, Olivier Baum and Sofiya Shavlak (all Capital Markets), as well as partner Stefan Oesterhelt (Tax).