Homburger advised Zürcher Kantonalbank on its issuance of EUR 500 m 2.020 per cent. Fixed-to-Floating Rate Tier 2 Bonds due 2028

On April 13, 2022, Zürcher Kantonalbank successfully completed its issuance of EUR 500 m 2.020 per cent. Fixed-to-Floating Rate Tier 2 Bonds due 2028. The Bonds are regulatory capital instruments that are eligible to fulfill Zürcher Kantonalbank’s Swiss gone concern requirements.

The Bonds 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 Bonds, on the SIX Swiss Exchange.

Homburger advised Zürcher Kantonalbank with respect to all regulatory and transactional aspects of Swiss law. The Homburger team was led by partner Benjamin Leisinger and included counsel Lee Saladino and associate Olivier Baum (all Capital Markets), as well as partner Dieter Grünblatt (Tax).