Deals & Cases

UBS Switzerland AG issuance of EUR 1.75 billion Covered Bonds

8. Juli 2024 – On May 21, 2024, UBS Switzerland AG successfully closed its issuance of Covered Bonds under its covered bond program in an aggregate principal amount of EUR 1.75 billion, consisting of EUR 1 billion 3.146% Covered Bonds due June 2031 and EUR 750 million Floating Rate Covered Bonds due April 2027. The Covered Bonds are governed by Swiss law and are listed on SIX Swiss Exchange.

UBS AG acted as Arranger and UBS AG London Branch, Bank of Montreal London Branch, Coöperatieve Rabobank U.A., Credit Agricole Corporate and Investment Bank, Erste Group Bank AG, Landesbank Baden-Württemberg, Nordea Bank Abp and UniCredit Bank GmbH as Joint Lead Managers and Dealers and ABANCA Corporación Bancaria, S.A. and Caixa – Banco de Investimento, S.A. as Managers and Dealers.

Walder Wyss advised the Arranger and the Dealers in respect of all transactional, regulatory and tax aspects of Swiss law in relation to the issuance. The Walder Wyss team was jointly led by Roger Ammann (Partner, Finance/Capital Markets) and Johannes A. Bürgi (Partner, Finance/Capital Markets) and included Thomas Meister (Partner, Tax) and Luca Bottani (Trainee Lawyer, Finance/Capital Markets).