On 7 January 2026, PLAZZA AG placed a fixed-rate bond of CHF 100 million with a coupon of 1.25% and a term of 5.2 years, maturing on 31 March 2031. The proceeds will be used to refinance bank loans and to finance development and renovation projects. UBS, Zürcher Kantonalbank and Luzerner Kantonalbank coordinated the placement as Joint Lead Managers. The bonds are admitted for trading on SIX Swiss Exchange.
CapLaw Themes
- FinSA (FIDLEG) (32)
- FinIA (FINIG) (11)
- Insurance (8)
- Securities (97)
- Regulatory (136)
- Takeover (19)
- Derivatives (7)
- News, Deals & Cases (490)
- Events (150)
- Other Areas (8)
Discover more articles
We provide up-to-date information on legal and regulatory developments regarding the capital markets, publish concise articles on developments in the Swiss and international financial markets, and announce recent deals and forthcoming events.
-
Editorial | The Swiss stablecoin regime in the context of global developments
ByYves Mauchle
The regulatory landscape for stablecoins is evolving at remarkable speed across the globe. A growing number of jurisdictions are moving from exploratory consultations to full legislative implementation, driven by the policy goal to create innovation‑friendly yet prudentially robust frameworks that can accommodate the rapid institutionalisation of digital asset markets. Stablecoins are no longer viewed as…
-
Proposed Regulation of Payment Instrument Institutions under the Swiss Financial Institutions Act: A Critical Analysis
By/Benjamin Leisinger
Fabrice Eckert
Until 6 February 2026, the Swiss Federal Council consulted on the introduction of a comprehensive regulatory framework for payment instrument institutions through amendments to the Financial Institutions Act. The proposed legislation, published for consultation on 22 October 2025, aims to establish Switzerland as a leading hub for stablecoin issuance while addressing perceived critical gaps in…
-
Can the Federal Council‘s Proposals Reinvigorate the Swiss FinTech and Crypto Sector?
ByLukas Staub
In October 2025, the Swiss Federal Council proposed two new licensing regimes – a payment institution and a crypto institution license – intended to replace the fintech license, which has not lived up to expectations. This article, focusing on the crypto institution license, assesses whether the new framework has the potential to reinvigorate Switzerland‘s fintech…
-
The New Era of U.S. Cryptocurrency Regulation: An Overview of 2025-2026 Reforms
By/Thomas Werlen
/Nicolas Curchod
Simon Weber
1) Introduction Significant changes have occurred in the United States’ regulatory environment regarding digital assets since January of 2025. Under President Trump’s administration, federal policy shifted decisively away from the enforcement-heavy approach that characterized the Biden era. This new federal strategy is a complete rethinking of federal agencies’ treatment of cryptocurrency and blockchain technology. It…
-
The Swiss passporting regimefor foreign prospectuses
ByFabio Elsener
Under the Swiss passporting regime for foreign prospectuses, eligible foreign prospectuses and base prospectuses may be used for securities offerings in Switzerland without a Swiss approval process. This passporting regime, often referred to as “automatic prospectus approval“, constitutes an attractive alternative for accessing the Swiss market. Drawing on five years of practical experience, this article…
-
Practice notice of the Prospectus Office ofSIX Exchange Regulation AG No. 1/2025
By/Pascal Hodel
/Manuel Hirlinger
Sandro Fehlmann
On 25 September 2025, the review bodies of SIX Exchange Regulation AG and BX Swiss AG published a uniform practice notice, which clarifies the current supervisory practice for prospectus reviews under the Swiss Financial Services Act and the Swiss Financial Services Ordinance. The practice notice outlines key procedural aspects, including the commencement of review deadlines,…