News, Deals & Cases
Recent Financial Market Transactions and Updates.
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Read more: Banque Pictet and SIX‘s Joint Pilot Project to Tokenize and Fractionalize Financial Assets
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 -
Read more: Banco de Chile‘s Issuance of CHF 100 Million Senior Fixed-rate Social Notes
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 -
Read more: CoinShares‘ Listing of Staked SEI ETP on SIX Swiss Exchange
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 -
Read more: EQT, ADIA and Auba‘s Placement of 7.1% of Galderma‘s Share Capital
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 -
Read more: UBS‘s Issuance of USD 2 billion Tier 1 Capital Notes with an Equity Conversion Feature
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 -
Read more: UBS‘s Issuance of EUR 2 billion Fixed Rate/Fixed RateCallable Senior Notes
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 -
Read more: UBS‘ Issuance of CHF 510 million Fixed Rate Covered Bonds
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 -
Read more: Zug Estate Group‘s Placement of CHF 100 million Green Bond
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 -
Read more: Zürcher Kantonalbank‘s Issuance of EUR 500 million Bail-in Bonds
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