News, Deals & Cases

Recent Financial Market Transactions and Updates.

  • Crédit Agricole next bank (Suisse) Covered Bond Programme

    On 18 August 2020 Crédit Agricole next bank (Suisse) SA established its first Covered Bond Programme, in a maximum aggregate principal amount of CHF 2 billion, guaranteed as to payments of interest and principal by CAnb (Suisse) Hypothèques SA. An initial series of covered bonds, in an amount of CHF 200 million, due in September…

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  • Placement of New Shares of Molecular Partners

    On 7 July 2020, Molecular Partners announced the placement of 5’528’089 new shares to institutional investors by way of an accelerated book-building process in a private placement. The offer price was set at CHF 14.50 per share. The gross proceeds from the placement amounted to CHF 80.2 million. The proceeds from the capital increase will…

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  • New Anchor Shareholder in MCH Group

    On 10 July 2020, MCH Group AG announced a comprehensive set of measures, including a new anchor investor, Lupa Systems LLC, an independent private investment company owned by James Murdoch. In order to strengthen its capital structure and shareholder base and to accelerate its ongoing transformation, MCH Group’s board of directors proposed to its shareholders…

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  • Swiss Re Update of USD 10 Billion Debt Issuance Programme and Offering of EUR 800 Million Guaranteed Subordinated Notes, as well as SGD 350 Million Guaranteed Subordinated Notes

    Swiss Re recently updated its USD 10 billion Debt Issuance Programme, and thereunder issued (i) EUR 800 million Guaranteed Subordinated Fixed Rate Reset Step-Up Callable Notes with a scheduled maturity in 2052 and (ii) SGD 350 million Guaranteed Subordinated Fixed Rate Reset Callable Notes with a scheduled maturity in 2035.

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  • Public Repurchase Offer for Existing Convertible Bonds by Basilea Pharmaceutica Ltd

    On 28 July 2020, Basilea Pharmaceutica completed the offering of approximately CHF 97 million 3.25% convertible bonds due 2027 to finance the repurchase of a part of Basilea’s existing convertible bonds due 2022. With the repurchase of part of its existing bonds financed by newly issued bonds, Basilea was able to extend its debt maturity…

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  • Meyer Burger Technology’s Rights Offering

    On 29 July 2020, Meyer Burger Technology AG completed a capital increase comprising a rights offering to its shareholders and a private placement to selected investors, resulting in gross proceeds of approximately CHF 165 million. Meyer Burger intends to use the proceeds to finance the strategic transformation from a supplier of photovoltaic production equipment to…

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  • Polyphor’s up to CHF 19.3 Million Equity-Linked Financing

    On 28 July 2020, Polyphor AG announced that it has entered into an equity-linked financing arrangement with the French company IRIS to raise a gross amount of up to CHF 19.3 million over a period of two years. Under the innovative financing instrument, IRIS will receive Polyphor shares to be created from the company’s conditional…

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    Read more: Polyphor’s up to CHF 19.3 Million Equity-Linked Financing
  • Merger of Neue Aargauer Bank AG (NAB) with Credit Suisse (Switzerland) Ltd

    On 25 August 2020, Credit Suisse announced its plan to merge the business of its wholly-owned subsidiary, Neue Aargauer Bank AG (NAB), with that of Credit Suisse (Switzerland) Ltd., NAB’s direct parent company. NAB is a universal bank in the Canton of Aargau and approximately CHF 19 billion of assets under management as well as…

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  • Liberty Global to Acquire 100% of Sunrise Communications Group by Tender Offer

    On 12 August 2020, Liberty Global plc announced that it plans to acquire 100% of Sunrise Communications Group AG (Sunrise) via an all-cash public tender offer for all publicly held shares of Sunrise, valuing Sunrise’s equity at CHF 5.0 billion. Sunrise’s board of directors has announced that it has unanimously resolved to recommend the offer….

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    Read more: Liberty Global to Acquire 100% of Sunrise Communications Group by Tender Offer