UBS Group AG’s $1.5 Billion Tier 1 Capital Notes Offering

Homburger advised UBS on the deal.

UBS Group AG successfully completed the issuance of USD 1.5 bn 4.375 per cent. Tier 1 Capital Notes.

The Notes are “high trigger” regulatory capital instruments that are eligible to fulfill UBS Group AG’s Swiss going concern requirements.

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

UBS AG is incorporated and domiciled in Switzerland and operates under the Swiss Code of Obligations as an Aktiengesellschaft, a corporation limited by shares. UBS AG is a bank and was formed on 29 June 1998, when Union Bank of Switzerland (founded 1862) and Swiss Bank Corporation (founded 1872) merged. Through UBS AG and UBS Switzerland AG, which are licensed as banks in Switzerland, the Group may engage in a full range of financial services activities in Switzerland and abroad, including personal banking, commercial banking, investment banking and asset management.

The Homburger team was led by Benedikt Maurenbrecher (Picture) and included Lee Saladino, Olivier Baum and Stefan Oesterhelt.

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

Law Firms: Homburger;

Clients: UBS AG;

Author: Federica Tiefenthaler