News, Deals & Cases
Recent Financial Market Transactions and Updates.
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Read more: IPO of Sportradar on Nasdaq
IPO of Sportradar on Nasdaq
On 14 September 2021, Sportradar Group AG successfully commenced trading on the Nasdaq Global Select Market with a total market capitalization of approximately USD 8 billion. Sportradar is a leading global provider of sports betting and sports entertainment products and services, and the number one provider of business-to-business solutions to the global sports betting industry…
Reference: CapLaw-2021-70 -
Read more: Placement of USD 1.6 Billion Senior Notes by Chubb
Placement of USD 1.6 Billion Senior Notes by Chubb
On 15 September 2021, Chubb INA Holdings Inc. has priced the offering of USD 600 million Senior Notes due 2051 with an interest rate of 2.850% and USD 1 billion Senior Notes due 2061 with an interest rate of 3.050%. The Senior Notes are unconditionally guaranteed by Chubb Limited, Zurich, Switzerland, and are registered on…
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Read more: Note Repackaging of USD 15 Million in Common Shares of Acronis
Note Repackaging of USD 15 Million in Common Shares of Acronis
Renaissance Capital, an investment firm with a focus on emerging markets, sponsored the repackaging transaction and acted as a dealer for the notes. E.M.I.S. Finance B.V., a Dutch limited recourse investment vehicle, issued secured notes in the aggregate amount of approx. USD 15 million and purchased the respective number of common shares in Acronis AG…
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Read more: Tecan issues CHF 250 million inaugural straight bond
Tecan issues CHF 250 million inaugural straight bond
Tecan Group Ltd. (SIX Swiss Exchange: TECN) successfully issued CHF 250 million 0.50% bonds due 2025 to partially refinance the acquisition of Paramit Corporation. The bonds will be listed and traded on the SIX Swiss Exchange. The settlement will be on 6 October 2021. Credit Suisse and Zürcher Kantonalbank act as joint lead managers.
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Read more: Acquisition of Several Real Estate Companies from Immosynergies Holding
Acquisition of Several Real Estate Companies from Immosynergies Holding
Allreal Holding AG, listed on SIX Swiss Exchange, has agreed to acquire several real estate companies in the western part of Switzerland from Immosynergies Holding Sàrl. The acquisition covers a high-end portfolio of investment properties with a total value of around CHF 500 million in addition to development properties with a total value of around…
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Read more: Placement of Shares by Way of an Accelerated Bookbuilding
Placement of Shares by Way of an Accelerated Bookbuilding
Tecan Group Ltd. (SIX Swiss Exchange: TECN) has successfully placed 650,000 new registered shares in a private placement by way of an accelerated bookbuilding and completed a capital increase of approx. CHF 360 million to partially refinance the acquisition of Paramit Corporation. The offer price was set at CHF 550 per share. Credit Suisse Ltd….
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Read more: Kantonsspital St. Gallen to issue CHF 275 million total nominal amount of bonds
Kantonsspital St. Gallen to issue CHF 275 million total nominal amount of bonds
On 17 August 2021, Kantonsspital St. Gallen, a public-law institution, successfully launched and priced its issuance of CHF 275 million in aggregate principal amount of CHF 150 million 0.30% bonds 2021-2036 and CHF 125 million 0.05% bonds 2021-2031. The bonds are expected to be provisionally admitted to trading on 29 September 2021, and application will…
Reference: CapLaw-2021-51 -
Read more: UBS Group AG on its issuance of USD 2 billion Fixed Rate/Fixed Rate Senior Notes under its Senior Debt Programme
UBS Group AG on its issuance of USD 2 billion Fixed Rate/Fixed Rate Senior Notes under its Senior Debt Programme
On 10 August 2021, UBS Group AG successfully completed its issuance of USD2 billion in aggregate principal amount of Fixed Rate/Fixed Rate Senior Notes due August 2027 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. The Notes are governed…
Reference: CapLaw-2021-52 -
Read more: Digital Realty successfully closes CHF 545 million of Swiss Green Bonds
Digital Realty successfully closes CHF 545 million of Swiss Green Bonds
Digital Realty (NYSE:DLR), the largest global provider of carrier- and cloud-neutral data center, colocation and interconnection solutions successfully offered CHF 275 million of 0.20 percent bonds due 2026 and CHF 270 million of 0.55 percent bonds due 2029. The bonds were issued by Digital Intrepid Holding B.V., an indirect wholly-owned holding and finance subsidiary of…
Reference: CapLaw-2021-53