News, Deals & Cases
Recent Financial Market Transactions and Updates.
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Clariant’s Issuance of a CHF 150 million Bond
Clariant AG has placed a CHF 150 million bond with a term to maturity of five years. The net proceeds will be used for general financing purposes. Clariant is one of the world’s leading specialty chemical companies that contributes to value creation with innovative and sustainable solutions for customers from many industries.
Reference: CapLaw-2023-75 -
Spin-off and Listing of Sandoz
On 4 October 2023, Novartis AG completed the spin-off of the Sandoz generics and biosimilars business, and Sandoz Group AG debuted as independent publicly traded company. The Sandoz shares were listed on SIX Swiss Exchange. The spin-off has been effected through a tax-neutral dividend-in-kind distribution of Sandoz shares to holders of Novartis shares and of…
Reference: CapLaw-2023-41 -
Autoneum Rights Offering
On 2 October 2023, Autoneum Holding AG, headquartered in Winterthur, Switzerland, and listed on SIX Swiss Exchange under the ticker symbol AUTN, completed its rights offering launched on 14 September 2023, with net proceeds of approximately CHF 100 million. The net proceeds will be used to partially repay the bridge loan which Autoneum entered into…
Reference: CapLaw-2023-42 -
Vontobel’s Issuance of AT1 Bonds
Vontobel has successfully placed new Additional Tier 1 bonds (AT1 bonds) with a nominal value of USD 400 million in two tranches of USD 200 million and a denomination of USD 200,000 each with funds managed by Apollo Global Management. The issue price of the AT1 bonds is 100 percent and payment occurred on 28…
Reference: CapLaw-2023-43 -
Raiffeisen’s Issuance of Senior Unsecured Bonds
On 28 September 2023, Raiffeisen Schweiz Genossenschaft successfully completed its Bond issuance in the amount of CHF 100 million. The bonds are traded and will be formally listed on SIX Swiss Exchange.
Reference: CapLaw-2023-44 -
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…
Reference: CapLaw-2023-45 -
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…
Reference: CapLaw-2023-46 -
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…
Reference: CapLaw-2023-47 -
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.
Reference: CapLaw-2023-48