Author Archives: CapLaw

UBS’s Issuance of Fixed Rate/Fixed Rate Callable Senior Notes under its Senior Debt Programme

On 22 September 2023, UBS Group AG successfully completed its issuance of USD 1.25 billion in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due December 2027, USD 1.5 billion in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due September 2029 and USD 1.75 billion in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due September 2034 under its Senior Debt Programme. The Notes are bail-inable (TLAC) bonds that are eligible to count towards UBS Group AG’s Swiss gone concern requirement.

Equinix’s Inauguaral Issuance of CHF Bonds 

On 12 September 2023, Equinix, Inc., a globally leading digital infrastructure company, successfully completed its inaugural Swiss issuance of CHF 300 m 2.875% bonds due in 2028. The Bonds were issued by Equinix Europe 1 Financing Corporation LLC and are fully guaranteed by Equinix, Inc. The offering of the Bonds was done by reliance on Regulation S under the U.S. Securities Act.

Nestlé’s Issuance of USD Notes

On 12 September 2023, Nestlé Holdings, Inc. successfully completed its issuance of USD 500 million 5.000% Notes due 2028, USD 500 million 5.000% Notes due 2030, and USD 500 million 5.000% Notes due 2033. The Notes are guaranteed by the Nestlé group’s Swiss parent company Nestlé S.A. The offering of the Notes was done in reliance on Rule 144A and Regulation S under the U.S. Securities Act.

Bond Issuance by Glarner Kantonalbank

On 9 August 2023, Glarner Kantonalbank successfully completed its Bond issuance in the amount of CHF 110 m, traded on SIX Swiss Exchange.

NewGAMe’s Partial Tender Offer on GAM

On 18 July 2023, NewGAMe SA announced the launch of its partial cash tender offer for up to 28,000,000 shares of SIX-listed GAM Holding AG. NewGAMe SA is part of the NewGAMe-Bruellan investor group that holds a substantial stake in GAM. NewGAMe is majority held by Rock Investment, a company controlled by Mr. Xavier Niel. The prospectus for the partial tender offer was published on 17 August 2023.

17th Conference on Asset Management (17. Tagung zur Vermögensverwaltung) 

Thursday, 9 November 2023, Metropol, Zurich

St. Gall Conference on Corporate Law (St.Galler Gesellschaftsrechtstag 2023)

Tuesday, 14 November 2023, SIX Convention Point, Zurich

10th Conference on Compliance in the Financial Services Industry (10. Tagung zur Compliance im Finanzdienstleistungsbereich) 

Wednesday, 15 November 2023, Lake Side, Zurich

St. Gall Conference on Financial Markets Regulation (St.Galler Tagung zur Finanzmarktregulierung)

Thursday, 16 November 2023, Zürich Marriott Hotel, Zurich

Capital Markets – Law and Transactions XIX (Kapitalmarkt – Recht und Transaktionen XIX) 

Tuesday, 28 November 2023, Metropol, Zurich