News, Deals & Cases
Recent Financial Market Transactions and Updates.
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Banque Pictet and SIX‘s Joint Pilot Project to Tokenize and Fractionalize Financial Assets
On 10 July 2025, SIX and Banque Pictet & Cie SA announced the successful conclusion of a joint pilot project, tokenising corporate debt instruments and allocating fractional quantities of these assets to portfolios managed by Pictet Asset Management SA. The pilot project focused on EUR- and CHF-denominated corporate bonds, held in custody at SIX SIS…
Reference: CapLaw-2025-69 -
Banco de Chile‘s Issuance of CHF 100 Million Senior Fixed-rate Social Notes
On 17 July 2025, Banco de Chile successfully closed the issuance of CHF 100 million senior fixed-rate social notes with a six-year maturity and a fixed annual coupon of 1.1875%. The bonds are listed on SIX Swiss Exchange. The net proceeds from the issue of the notes will be used by Banco de Chile to…
Reference: CapLaw-2025-70 -
CoinShares‘ Listing of Staked SEI ETP on SIX Swiss Exchange
On 28 July 2025, CoinShares listed its Physical Staked SEI exchange-traded product (ETP) on SIX Swiss Exchange, as a zero fee ETP offering regulated exposure to SEI‘s high-performance blockchain infrastructure. CoinShares is publicly listed on Nasdaq Stockholm and the OTCQX.
Reference: CapLaw-2025-71 -
EQT, ADIA and Auba‘s Placement of 7.1% of Galderma‘s Share Capital
On 31 July 2025, a consortium led by EQT together with ADIA and Auba Investment Pte. Ltd., successfully completed the placement of 17 million shares in Galderma Group AG at a price of CHF 123.00 per share via an accelerated bookbuilding process. The placement raised CHF 2.1 billion in total.
Reference: CapLaw-2025-72 -
UBS‘s Issuance of USD 2 billion Tier 1 Capital Notes with an Equity Conversion Feature
On 5 August 2025, UBS Group AG successfully completed its offering of USD 1,250,000,000 in aggregate principal amount of 7.000% Tier 1 Capital Notes and USD 750,000,000 in aggregate principal amount of 6.600% Tier 1 Capital Notes. The Notes are “high trigger“ regulatory capital instruments that are eligible to fulfill UBS Group AG’s Swiss going…
Reference: CapLaw-2025-73 -
UBS‘s Issuance of EUR 2 billion Fixed Rate/Fixed RateCallable Senior Notes
On 11 August 2025, UBS Group AG successfully completed its issuance of EUR 1.25 billion in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due 2036 and EUR 750 million in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due 2031 under its Senior Debt Programme. The Notes are bail-inable (TLAC)…
Reference: CapLaw-2025-74 -
UBS‘ Issuance of CHF 510 million Fixed Rate Covered Bonds
On 13 August 2025, UBS Switzerland AG successfully completed its issuance of CHF 235 million 0.560% Fixed Rate Covered Bonds due 13 August 2030, and CHF 275 million 0.935% Fixed Rate Covered Bonds due 13 August 2035, under its Covered Bond Programme. The Covered Bonds are governed by Swiss law and are listed on SIX…
Reference: CapLaw-2025-75 -
Zug Estate Group‘s Placement of CHF 100 million Green Bond
On 21 August 2025, Zug Estates Holding AG successfully placed a CHF 100 million green bond in the Swiss market. The fixed-interest bond carries a coupon of 1.25% and a maturity of seven years. The proceeds will be used to refinance sustainable projects in accordance with Zug Estates‘ Green Finance Framework. Application will be made…
Reference: CapLaw-2025-76 -
Zürcher Kantonalbank‘s Issuance of EUR 500 million Bail-in Bonds
On 4 September 2025, Zürcher Kantonalbank successfully completed a further offering of Bail-in Bonds in the amount of EUR 500 million. ZKB’s Bail-in Bonds, including the newly placed EUR 500 million 3.153% 6NC5 Bail-in Bonds, have been designed and issued on the basis of a legal framework allowing Cantonal Banks to issue Total-Loss-Absorbing-Capacity (Gone-Concern Capital)…
Reference: CapLaw-2025-77