News, Deals & Cases

On 11 September 2026, DocMorris Finance B.V., a directly wholly-owned subsidiary of DocMorris AG (SIX: DOCM), successfully completed the private placement of CHF 96.8 million 1.5 per cent. senior unsecured convertible bonds due 16 March 2031, unconditionally and irrevocably guaranteed by DocMorris AG and convertible into existing and/or newly issued registered shares of DocMorris AG. Concurrently with the new issuance, DocMorris AG completed the full repurchase of its outstanding 3.0 per cent. convertible bonds due August 2028 with a nominal amount of CHF 49.6 million through privately negotiated bilateral transactions. The repurchased bonds will be cancelled. The transaction reduced the…

On 8 September 2026, UBS Group AG successfully completed its issuance of EUR 2 billion in aggregate principal amount of 4.521 per cent. Fixed Rate/Fixed Rate Callable Senior Notes due 2037 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 capital requirement. The Notes are governed by Swiss law, and the Notes have been provisionally admitted to trading, and application will be made for definitive admission to trading and listing of the Notes, on the SIX Swiss Exchange. The Notes were issued in two separate tranches (EUR 1.75 billion…

On 8 September 2026, UBS Group AG successfully completed its issuance of GBP 1 billion in aggregate principal amount of 5.697 per cent. Fixed Rate/Fixed Rate Callable Senior Notes due 2032 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 capital requirement. The Notes are governed by Swiss law, and the Notes have been provisionally admitted to trading, and application will be made for definitive admission to trading and listing of the Notes, on the SIX Swiss Exchange.

On 4 September 2026, Raiffeisen Schweiz Genossenschaft successfully completed its issuance of EUR 500 million 4.255 per cent. bail-in bonds due 2034. The bonds are eligible to count towards Raiffeisen Switzerland‘s gone concern capital requirement. The bond are traded on SIX Swiss Exchange and settlement occurred on 14 September 2026. Deutsche Bank, DZ Bank, J.P. Morgan, Morgan Stanley, UBS and Raiffeisen Schweiz Genossenschaft acted as Joint Lead Managers for this issuance.

On 2 September 2026, Alcon Finance Corporation successfully completed its issuance of EUR 500 million 3.875 per cent. Guaranteed Notes due 2033, which are unconditionally and irrevocably guaranteed by Alcon Inc.

On 27 August 2026, UBS AG successfully completed its inaugural Panda Bond issuance. The RMB 2 billion 5-year bonds were issued with a coupon rate of 1.78%, representing (as of August 27, 2026) both the lowest coupon rate and the tightest spread over China Development Bank benchmark achieved for a 5-year Panda Bond issued by a foreign financial institution. It also marked the first Panda Bond issuance by a Swiss financial institution in China. The offering of the bonds in the Chinese interbank bond market was approved by the People‘s Bank of China.

On 27 August 2026, Swisscom successfully placed inaugural hybrid capital bonds (fixed rate resettable capital securities) with a total principal amount of EUR 500 million. The bonds were issued by Swisscom Finance B.V. and guaranteed by Swisscom AG. The hybrid bonds were placed into the European institutional fixed income investor base with Deutsche Bank acting as Sole Global Coordinator and Structuring Agent and BBVA, BNP PARIBAS, BofA Securities, Deutsche Bank and UBS as joint lead managers. The new securities will be listed on the Luxembourg Stock Exchange.

On 26 August 2026, Sika, a globally leading specialty chemicals company, successfully placed an inaugural hybrid capital bond (fixed rate resettable subordinated debt) with a total amount of EUR 1 billion split into two EUR 500 million tranches. The hybrid bonds were placed into the European institutional fixed income investor base with Citigroup acting as Global Coordinator and BofA Securities, Citigroup, and UBS Investment Bank as active bookrunners. The new securities will be listed on the regulated market of Euronext Dublin.

On 12 August 2026, UBS Group AG successfully completed its issuance of CHF 285 million in aggregate principal amount of 1.4911 per cent. Fixed Rate/Fixed Rate Callable Senior Notes due February 2035 and CHF 265 million in aggregate principal amount of 1.125 per cent. Fixed Rate/Fixed Rate Callable Senior Notes due August 2031 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 capital requirement. The Notes are governed by Swiss law, and the Notes have been provisionally admitted to trading, and application will be made for definitive admission to…