Homburger advised UBS Switzerland AG on the issuance of EUR 1.75 bn Covered Bonds

On May 21, 2024, UBS Switzerland AG successfully completed its issuance of Covered Bonds under the program in an aggregate principal amount of EUR 1.75 bn,consisting of EUR 1 bn Floating Rate Covered Bonds due April 2027 and EUR 750 m 3.146% Covered Bonds due 21 June 2031. The Covered Bonds are governed by Swiss law and are listed on SIX Swiss Exchange. The Covered Bonds are indirectly backed by a portfolio of mortgages from UBS Switzerland AG’s domestic mortgage pool.

Homburger advised UBS Switzerland AG as issuer and UBS Hypotheken Schweiz AG as guarantor in respect of all transactional, regulatory and tax aspects of Swiss law. The Homburger team was jointly led by Stefan Kramer and Benedikt Maurenbrecher and included Daniel Hulmann, Sofiya Shavlak and Michelle Wolf (all Capital Markets) as well as Stefan Oesterhelt (Tax).