News, Deals & Cases

On 30 September 2024, TE Connectivity has announced the completion of the cross-border merger of TE Connectivity Ltd., a Swiss corporation listed on the NYSE, with TE Connectivity plc, an Irish public limited company (NYSE: TEL). The merger resulted in the relocation of the TE Group’s listed parent company from Switzerland to Ireland.

On 26 September 2024, Galderma Holding AG placed senior guaranteed bonds in the aggregate principal amount of CHF 500 million in two tranches with maturity dates ranging from 2028 to 2032. 

On 23 September 2024, UBS Switzerland AG issued EUR 1 billion Fixed Rate Covered Bonds due 23 September 2027 under its Covered Bond Programme. The Covered Bonds are governed by Swiss law and are listed on the SIX Swiss Exchange. These bonds are indirectly backed by a portfolio of mortgages from UBS Switzerland AG’s domestic…

On 18 September 2024, Sulzer AG priced the offering of its CHF 250 million bonds with an interest rate of 1.7725%. Zürcher Kantonalbank and Commerzbank Aktiengesellschaft acted as managers for this transaction. The bonds will be listed on the SIX Swiss Exchange.

On 18 September 2024, an extraordinary shareholder meeting of HOCHDORF Holding AG, a company listed on the SIX Swiss Exchange, approved the sale of its operational subsidiary HOCHDORF Swiss Nutrition AG to AS Equity Partners. 

On 18 September 2024, Valartis AG (Valartis), a subsidiary of Valartis Group AG whose shares are listed on SIX Swiss Exchange, and ENR Russia Invest SA announced that they have entered into a definitive agreement under which Valartis agreed to submit an all-cash public tender offer for all publicly held bearer shares of ENR Russia…

On 16 September 2024, Novartis AG placed bonds in an aggregate principal amount of USD 3.7 billion, divided into four tranches with maturity dates ranging from 2029 to 2054. 

On 12 September 2024, Sandoz placed EUR bonds in the amount of EUR 600 million. The bonds were issued by Sandoz Finance B.V. and guaranteed by Sandoz Group AG. The bonds carry an interest rate of 3.250% and are due in 2029.

On 10 September 2024, UBS Group AG successfully issued USD 1.5 billion in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due September 2045 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 requirement.