Deals & Cases

Homburger advised dormakaba Finance AG on its debut issuance of CHF 680 m bonds guaranteed by dormakaba Holding AG

On October 13, 2017, dormakaba Finance AG (the Issuer) completed its debut issuance of CHF 680 m bonds. The CHF 360 m 0.375% bonds due 2021 and the CHF 320 m 1.00% bonds due 2025 (together the Bonds) are listed on the SIX Swiss Exchange.

The Bonds are guaranteed by dormakaba Holding AG (the Guarantor), the parent company of the dormakaba group, and such guarantee is further secured by a back to back guarantee issued by dormakaba Holding GmbH + Co. Kommanditgesellschaft auf Aktien, a subsidiary of the Guarantor.

Homburger advised the Issuer and the Guarantor in the structuring of the transaction and on all transactional aspects as to Swiss law of the offer, the issuance and the listing of the Bonds.

The Homburger team was led by partner Hansjürg Appenzeller (Corporate / M&A and Financial Services) and included associate Daniel Hulmann (Financial Services).