On March 20, 2024, Stiftung PWG zur Erhaltung von preisgünstigen Wohn- und Gewerberäumen der Stadt Zürich (Stiftung PWG), successfully launched and priced its issuance of CHF 120 m total nominal amount of 1.55% Sustainability Bonds 2024-2032. Stiftung PWG is an institution under public law the purpose of which is to maintain or create affordable housing and affordable premises for small businesses in existing buildings and any new buildings that may be constructed. The bonds have been offered in full compliance with the Financial Services Act and will be admitted to trading, and be listed, on the SIX Swiss Exchange. Zürcher Kantonalbank acted as sole lead manager. Closing is expected on April 2, 2024.

Homburger advised Stiftung PWG with respect to aspects of Swiss law. The Homburger team was led by partner Benjamin Leisinger and included associate Sofiya Shavlak (both Capital Markets).