UBS Group’s $3 Billion Callable Senior Notes Offering

Homburger advised UBS Group on the deal.

UBS Group AG successfully completed its issuance of USD 1.2 bn in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due May 2026, USD 600 m in aggregate principal amount of Floating Rate Callable Senior Notes due May 2026 and USD 1.5 bn in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due May 2028 under its Senior Debt Programme. The Notes are bail-inable (TLAC) bonds that are eligible to count towards UBS Group AG’s Swiss gone concern requirement.

The Notes are governed by Swiss law and the Fixed Rate/Fixed Rate Callable Senior Notes have been provisionally admitted to trading, and application has been made for definitive admission to trading and listing of the Fixed Rate/Fixed Rate Callable Senior Notes, on the SIX Swiss Exchange.

The Homburger team was led by partner Benedikt Maurenbrecher (Picture – Financial Market Regulation / Capital Markets) and included partner Stefan Kramer (Financial Market Regulation / Capital Markets), counsel Lee Saladino and associate Olivier Baum (both Capital Markets), as well as partner Stefan Oesterhelt (Tax).

Involved fees earner: Olivier Baum – Homburger; Stefan Kramer – Homburger; Benedikt Maurenbrecher – Homburger; Stefan Oesterhelt – Homburger; Lee Saladino – Homburger;

Law Firms: Homburger;

Clients: UBS AG;

Federica Tiefenthaler

Author: Federica Tiefenthaler