Homburger | View firm profile
On September 10, 2024, UBS Group AG successfully completed its offering of USD 1.5 bn of 6.850 per cent. Tier 1 Capital Notes, which are redeemable at the option of UBS Group AG after five years.
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 will be made for definitive admission to trading and listing of the Notes, on the SIX Swiss Exchange.
The Homburger team was led by Benedikt Maurenbrecher and Stefan Kramer (both Capital Markets) and included Lee Saladino, Daniel Hulmann, Philipp Klein and Yulia Shaburnykova (all Capital Markets), Claude Lambert (Corporate / M&A) as well as Stefan Oesterhelt (Tax).