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On 1 July 2025, the Swiss specialty vehicle manufacturer Aebi Schmidt announced the successful completion of its merger with The Shyft Group, thereby creating a world-class specialty vehicles leader with sales of approx. USD 2 billion per year and 70 locations worldwide. The shares of the combined Aebi Schmidt Group (NASDAQ: AEBI) started trading on NASDAQ Global Select Market on 1 July 2025 on a „when-issued“ basis and on a „regular-way“ basis from 2 July 2025.

Ultima Capital SA (Ultima), a Swiss luxury real estate owner and operator listed on BX Swiss, conducted its second contribution in kind of real estate assets by its largest shareholder Yoda PLC (Yoda). The contributed assets are pertaining to the Nammos Village and restaurant real estate in Mykonos, Greece. The assets were valued at EUR 133.7 million and contributed at CHF 120 million to Ultima against the issuance of new registered shares to Yoda. The shareholders‘ meeting of Ultima approved the ordinary capital increase with the contribution in kind on 30 June 2025. The capital increase was completed on the same day…

On 27 June 2025, Raiffeisen Schweiz Genossenschaft successfully completed its issuance of CHF 250 million 0.785% fixed rate green bonds due 2030 under its issuance program for money market instruments, bonds and green bonds. This issuance marks the first issuance of a green bond by Raiffeisen Schweiz Genossenschaft.  Raiffeisen Schweiz Genossenschaft acted as Sole Lead Manager and BNP Paribas, Commerzbank, Deutsche Bank and UBS Investment Bank acted as Managers.

On 26 June 2025, the República Oriental del Uruguay, acting through the Ministry of Economy and Finance of the Republic of Uruguay and represented by the Sovereign Debt Management Unit, placed a total of CHF 320 million bonds in the Swiss market. The bonds comprised two equal tranches of CHF 160 million at 5 and 10-year maturities. The annual yield in CHF was 1.04% for the 5-year and 1.62% for the 10-year bond, respectively. The bonds will be listed on the SIX Swiss Exchange. The funding exercise had two goals: advance Uruguay’s 2025 international financing program based on projected funding…

On 25 June 2025, Idorsia Ltd published its public repurchase offer to exchange its CHF 200 million senior unsecured convertible bonds due 2025 and its CHF 600 million senior unsecured convertible bonds due 2028. The Bonds will be exchanged for an offer consideration consisting of (i) a series of newly issued „Pay-If-You-Can“ notes with waterfall rankings issued by a Luxembourg special purpose subsidiary, which will be listed on The International Stock Exchange (TISE), (ii) shares of Idorsia Ltd and (iii) warrants of Idorsia Ltd. The Swiss Takeover Board has made determinations and granted exemptions regarding the Exchange Offer in its…

On 23 June 2025, Holcim AG completed the spin-off and public listing of its North American business, Amrize, and Amrize Ltd debuted as independent publicly traded company. The Amrize shares were listed on the New York Stock Exchange and on the SIX Swiss Exchange (SIX). The spin-off has been effected through a tax-neutral dividend-in-kind distribution of Amrize shares to Holcim shareholders as approved at Holcim‘s annual general meeting. The spin-off was preceded by the complete legal and structural separation of the Amrize business into a standalone company through a series of transactions. Amrize will be the leading pure-play building solutions…

On 19 June 2025, Julius Bär Group Ltd. issued EUR 500 million notes. The issuance occurred indirectly through the ELM issuance vehicle, a repackaging issuance entity incorporated in the Netherlands. The notes were be listed on Euronext Dublin.  For the notes, UBS AG, London Branch, BNP PARIBAS, Citigroup Global Markets Europe AG and J.P. Morgan SE acted as Joint Lead Managers.

On 18 June 2025, EFG Bank AG successfully completed its issuance of CHF 125 million 0.9625% bonds due 2029. The bonds are listed on SIX Swiss Exchange and are expected to be included in the domestic segment of the Swiss Bond Index. Raiffeisen Schweiz Genossenschaft acted as Sole Lead Manager.

On 30 May 2025 and 4 June 2025, respectively, SIX issued EUR 500 million guaranteed bonds due 2030 and CHF 250 million digital bonds due 2032. The Bonds have been admitted to provisional trading and will be listed on the SIX Swiss Exchange. For the EUR 500 million guaranteed bonds, BNP PARIBAS, BofA Securities Europe SA, Deutsche Bank Aktiengesellschaft and UBS AG, London Branch, acted as Active Bookrunners, and Banco Bilbao Vizcaya Argentaria, S.A., CaixaBank, S.A., Citigroup Global Markets Europe Limited and HSBC Continental Europe as Passive Bookrunners. For the CHF 250 million digital bonds, UBS AG, Raiffeisen Schweiz Genossenschaft,…

On 26 May 2025, DocMorris AG settled on its rights offering with gross proceeds of CHF 208 million. The proceeds will be used to finance the planned medium-term growth in the prescription medicines (Rx) business, including incrementally targeted Rx marketing spend, as well as a potential repayment of the CHF 95 million convertible bond in September 2026. As part of its rights offering, DocMorris issued 36,182,790 new registered shares on 21 May 2025, which were listed on SIX Swiss Exchange on 22 May 2025. The capital increase was accompanied by a nominal value reduction from CHF 30.00 to CHF 0.01.