Corporate / M&A

Capital Markets

Nestle

On November 8, 2022, Nestlé S.A. issued CHF 930 m Bonds. The bonds will be listed on the SIX Swiss Exchange.
The transaction consists of a CHF 360 m tranche due November 2025 (Tranche 1), a CHF 310 m tranche due November 2029 (Tranche 2) and a CHF 260 m tranche due November 2035 (Tranche 3).
Homburger acted as counsel to Nestlé S.A. The Homburger team was led by counsel Eduard De Zordi and included junior associate Alexander Cochardt (both Capital Markets) and partner Daniel Daeniker (Corporate / M&amp;A).

Homburger advised Nestlé S.A. on the issuance of CHF 930 m Bonds

Financial Market Regulation

Amag Leasing

In November 2021, AMAG Leasing established its CHF 1.5 bn Auto Covered Bond Programme irrevocably guaranteed as to payments of interest and principal by AMAG Leasing Auto Covered Bond AG.
On November 3, 2022, AMAG Leasing successfully completed the issuance of CHF 130 m 2.25% Fixed Rate Auto Covered Bonds due 2026 thereunder. The Auto Covered Bonds are indirectly backed by a portfolio of lease assets originated by AMAG Leasing. AMAG Leasing is the leading car leasing company in Switzerland with a portfolio currently comprising approximately 185,000 contracts valued at more than CHF 4.6 bn. AMAG Leasing is a subsidiary of AMAG Group, which is the largest mobility company in Switzerland.
The Swiss law governed Auto Covered Bond Programme is the first Corporate Covered Bond Programme backed by auto lease receivables in Switzerland. It offers much greater issuance flexibility at lower cost than an ABS.
The issuance of the CHF 130 m 2.25% Fixed Rate Auto Covered Bonds was well received in the market and allows AMAG Leasing to further diversify its long-term funding sources.
Zürcher Kantonalbank acted as Sole Arranger.
Homburger acted as sole legal advisor advising AMAG Leasing as Issuer and the Zürcher Kantonalbank as Sole Arranger. The Homburger team was led by partners Daniel Haeberli and Stefan Kramer (both Capital Markets / Financial Market Regulation) and included partner Stefan Oesterhelt (Tax), associate Daniel Junginger as well as junior associate Alexander Cochardt (both Capital Markets).

Homburger advised AMAG Leasing AG on a CHF 130 m Auto Covered Bond Issuance under its CHF 1.5 bn Auto Covered Bond Programme

IP / IT

Bosch Rexroth

BRUSA HyPower AG, an innovative global supplier of power conversion systems for heavy-duty applications, announced a minority investment by Bosch Rexroth AG, M&amp;G Investments and Temasek. The investment aims to accelerate product development and scale manufacturing capabilities to meet the rising demand for energy conversion systems for fuel cell and battery electric vehicle applications. As a technology leader in the field of energy converters, BRUSA HyPower AG intends to seize business opportunities in the rapidly growing e-mobility segment and to enhance customer proximity.
The Homburger team was led by partner David Oser (Corporate / M&amp;A) and included partner Reto Heuberger (Tax), partner Gregor Bühler (IP / IT), associates Claudine Schär and Léonard Aeschlimann, junior associates Alexander Cochardt and Michele Fazari (all Corporate / M&amp;A) and associate Joel Fink (IP / IT).

Alexander
Cochardt

Homburger advised Nestlé S.A. on the issuance of CHF 930 m Bonds

Homburger advised AMAG Leasing AG on a CHF 130 m Auto Covered Bond Issuance under its CHF 1.5 bn Auto Covered Bond Programme

Homburger advised Bosch Rexroth AG on its investment in BRUSA HyPower AG

Swiss ESG regulation for funds

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Alexander Cochardt

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AlexanderCochardt

Homburger advised Nestlé S.A. on the issuance of CHF 930 m Bonds

Homburger advised AMAG Leasing AG on a CHF 130 m Auto Covered Bond Issuance under its CHF 1.5 bn Auto Covered Bond Programme

Homburger advised Bosch Rexroth AG on its investment in BRUSA HyPower AG

Swiss ESG regulation for funds

Join the Team

Alexander Cochardt

Career

Languages

Bar Registration

Teams

Alexander
Cochardt