Orior AG

successfully completed the placement of its CHF 110 million inaugural bond

issue. The bonds carry a coupon of 0.625% and will mature on 26 September 2023

at par. They have been provisionally admitted to trading at the SIX Swiss

Exchange and are expected to be listed there as well. The issue was

lead-managed by UBS AG and Zürcher Kantonalbank.

Bär &

Karrer acted as legal advisor to Orior in this transaction. The team included

Thomas U. Reutter, Daniel Raun and Stefanie Walch (all Capital Markets) as well

as Daniel Lehmann and Laurent Riedweg (both Tax).