Homburger | View firm profile
On June 24, 2024, UBS Group AG successfully completed its offering of SGD 500 m of 5.600 per cent.Tier 1 Capital Notes, which are redeemable at the option of UBS Group AG for the first time on December 21, 2029.
The Notes are «high trigger» regulatory capital instruments that are eligible to fulfill UBS Group AG’s Swiss going concern requirements.
Upon occurrence of a «Trigger Event» or a «Viability Event», the Notes will be converted into ordinary shares of UBS Group AG in accordance with their terms.
The Notes 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 Notes, on the SIX Swiss Exchange.
The Homburger team was led by Stefan Kramer and Benedikt Maurenbrecher and included Lee Saladino (all Capital Markets), Claude Lambert (Corporate / M&A), Stefan Oesterhelt (Tax) and Daniel Hulmann (Capital Markets).