Homburger advised on the development of a SARON interest rate provision for floating rate notes

Homburger supported the National Working Group for Reference Rates in Swiss Francs (NWG) in the development of preferred interest rate provisions for SARON floating rate notes, including sample fallback language. Partner René Bösch and Counsel Lee Saladino actively participated in the drafting of these provisions, which were published by the NWG as part of its discussion paper on floating rate notes dated July 2, 2019.