Homburger advised UBS Group AG on its issuance of USD 750 m 5.125 per cent. Tier 1 Capital Notes
On July 29, 2020, UBS Group AG (the Issuer) successfully completed the issuance of USD 750 m 5.125 per cent. Tier 1 Capital Notes (the Notes). The Notes are “high trigger” regulatory capital instruments that are eligible to fulfill UBS Group AG’s Swiss going concern requirements.
The Notes are governed by Swiss law and have been provisionally admitted to trading, and application has been made for admission to trading and listing of the Notes, on the SIX Swiss Exchange.
Homburger advised UBS 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 counsel Lee Saladino, associate Olivier Baum (both Financial Market Regulation / Capital Markets), as well as partner Stefan Oesterhelt (Tax).