28 December 2011

Cantonal Bank of Glarus strengthens its regulatory capital basis


The Cantonal Bank of Glarus (GLKB) strengthened its lower tier 2 regulatory capital by raising CHF 40 million. Capital was raised through the issuance of 10 years subordinated, convertible loans to eight Cantonal Banks. Walder Wyss acted as legal adviser to GLKB on this transaction. The team was lead by Urs P. Gnos (Partner, Corporate) and included Daniela Caleff (Associate, Corporate) and Lukas Wyss (Managing Associate, Finance).

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News

28 December 2011

Cantonal Bank of Glarus strengthens its regulatory capital basis

The Cantonal Bank of Glarus (GLKB) strengthened its lower tier 2 regulatory capital by raising CHF 40 million. Capital was raised through the issuance of 10 years subordinated, convertible loans to eight Cantonal Banks. Walder Wyss acted as legal adviser to GLKB on this transaction. The team was lead by Urs P. Gnos (Partner, Corporate) and included Daniela Caleff (Associate, Corporate) and Lukas Wyss (Managing Associate, Finance).