Homburger advised UBS Group AG on its issuance of USD 3 bn Callable Senior Notes under its Senior Debt Programme

On May 12, 2022, UBS Group AG successfully completed its issuance of USD 1.2 bn in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due May 2026, USD 600 m in aggregate principal amount of Floating Rate Callable Senior Notes due May 2026 and USD 1.5 bn in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due May 2028 under its Senior Debt Programme. The Notes are bail-inable (TLAC) bonds that are eligible to count towards UBS Group AG’s Swiss gone concern requirement.

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

Homburger advised UBS Group AG with respect to all regulatory and transactional aspects of Swiss law. The Homburger team was led by partner Benedikt Maurenbrecher (Financial Market Regulation / Capital Markets) and included partner Stefan Kramer (Financial Market Regulation / Capital Markets), counsel Lee Saladino and associate Olivier Baum (both Capital Markets), as well as partner Stefan Oesterhelt (Tax).