News, Deals & Cases

In July 2023, Santhera Pharmaceuticals Holding AG (SIX: SANN) completed a 10:1 reverse split of its shares, which had been approved by the shareholders on June 27, 2023, with the listing and first day of trading of the post-split shares on the SIX Swiss Exchange.

In July 2023, Zhejiang Huayou Cobalt, whose A Shares are listed on Shanghai Stock Exchange, sold 50,000,000 GDRs representing two A-Shares each at an offer price of USD 11.65, raising gross proceeds of approximately USD 582.5 million from the offering. Trading in the GDRs on SIX Swiss Exchange commenced on 7 July 2023.

On 6 March 2023, Sika AG placed bonds in a total amount of CHF 650 million, consisting of three tranches.

In March 2023, Bachem Holding successfully placed newly issued shares raising gross proceeds of approximately CHF 108 million by way of an accelerated bookbuilding.

On 14 March 2023, Nestlé Holdings, Inc. successfully completed its issuance of USD 1 billion 5.250% Notes due 2026, USD 850 million 5.000% Notes due 2028, USD 500 million 4.950% Notes due 2030, and USD 650 million 4.850% Notes due 2033. The Notes are guaranteed by the Nestlé group’s Swiss parent company Nestlé S.A.

On March 19, 2023, Credit Suisse announced that Credit Suisse Group AG and UBS Group AG have entered into a merger agreement following the intervention of the Swiss Federal Department of Finance, the Swiss National Bank and the Swiss Financial Market Supervisory Authority FINMA. UBS Group AG will be the surviving entity upon closing of…

In April 2023, Zheijan Supcon Technology, whose A Shares are listed on Shanghai Stock Exchange, sold 20,958,000 GDRs representing two A Shares each at an offer price of USD 26.94, raising gross proceeds of approximately USD 564.6 million from the offering. Trading in the GDRs on SIX Swiss Exchange commenced on 17 April 2023.

In April 2023, Orascom Development Holding AG carried out a successful capital increase by way of a rights offering. The transaction consisted of an offering of subscription rights and a backstop commitment by the majority shareholder for shares for which subscription rights were not exercised. Orascom issued 19,228,617 registered shares in a total amount of…

On 5 April 2023, Zürcher Kantonalbank priced its inaugural CHF 425 m Bail-in Bond issuance. ZKB’s Bail-in Bonds are novel instruments which have been designed and issued on the basis of a new legal framework allowing Cantonal Banks to issue Total-Loss-Absorbing-Capacity (TLAC) Bonds. The Bail-in Bonds provide for the issuance of a recovery certificate (Besserungsschein)…