Homburger advised UBS Group AG on its issuance of USD 1.5 bn Tier 1 Capital Notes with an equity conversion feature

On June 5, 2026, UBS Group AG successfully completed its offering of USD 1.5 bn in aggregate principal amount of 6.875 per cent. Tier 1 Capital Notes.

The Notes are «high trigger» regulatory capital instruments that are eligible to fulfill UBS Group AG’s Swiss going concern requirements.

Upon occurrence of a «Trigger Event» or a «Viability Event», the Notes will be converted into ordinary shares of UBS Group AG in accordance with their terms.

The Notes are governed by Swiss law and have been admitted to trading and are listed on the SIX Swiss Exchange.

The Homburger team was led by Stefan Kramer and Benedikt Maurenbrecher and included Lee Saladino, Olivier Baum and Daniel Hulmann (all Capital Markets) as well as Stefan Oesterhelt (Tax).