Homburger advised Raiffeisen Schweiz Genossenschaft on issuance of CHF 465 m State Treasury Notes by the State of North Rhine-Westphalia under its Debt Issuance Programme

On February 18, 2026, the State of North Rhine-Westphalia successfully completed its issuance of (i) CHF 100 m in aggregate principal amount of 0.3675 per cent. State Treasury Notes due February 18, 2031, (ii) CHF 175 m in aggregate principal amount of 0.7700 per cent. State Treasury Notes due February 18, 2036, and (iii) CHF 190 m in aggregate principal amount of 1.0650 per cent. State Treasury Notes due February 18, 2044 under its Debt Issuance Programme.

The State Treasury Notes are governed by German law, and the State Treasury Notes 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 Raiffeisen Schweiz Genossenschaft with respect to all regulatory and transactional aspects of Swiss law.

The Homburger team was led by Benjamin Leisinger (Capital Markets) and included Sofiya Shavlak (Capital Markets) as well as Stefan Oesterhelt (Tax).