News, Deals & Cases

On 23 June 2025, Holcim AG completed the spin-off and public listing of its North American business, Amrize, and Amrize Ltd debuted as independent publicly traded company. The Amrize shares were listed on the New York Stock Exchange and on the SIX Swiss Exchange (SIX). The spin-off has been effected through a tax-neutral dividend-in-kind distribution…

On 19 June 2025, Julius Bär Group Ltd. issued EUR 500 million notes. The issuance occurred indirectly through the ELM issuance vehicle, a repackaging issuance entity incorporated in the Netherlands. The notes were be listed on Euronext Dublin.  For the notes, UBS AG, London Branch, BNP PARIBAS, Citigroup Global Markets Europe AG and J.P. Morgan…

On 18 June 2025, EFG Bank AG successfully completed its issuance of CHF 125 million 0.9625% bonds due 2029. The bonds are listed on SIX Swiss Exchange and are expected to be included in the domestic segment of the Swiss Bond Index. Raiffeisen Schweiz Genossenschaft acted as Sole Lead Manager.

On 30 May 2025 and 4 June 2025, respectively, SIX issued EUR 500 million guaranteed bonds due 2030 and CHF 250 million digital bonds due 2032. The Bonds have been admitted to provisional trading and will be listed on the SIX Swiss Exchange. For the EUR 500 million guaranteed bonds, BNP PARIBAS, BofA Securities Europe…

On 26 May 2025, DocMorris AG settled on its rights offering with gross proceeds of CHF 208 million. The proceeds will be used to finance the planned medium-term growth in the prescription medicines (Rx) business, including incrementally targeted Rx marketing spend, as well as a potential repayment of the CHF 95 million convertible bond in September…

On 23 May 2025, Dufry One B.V. issued EUR 500 million 4.50% Senior Notes due 2032 guaranteed by Avolta AG and certain of its subsidiaries. Banca Akros SpA, BNP Paribas, ING Bank N.V., Landesbank Baden-Württemberg, Banco Santander S.A. and UBS AG London Branch acted as joint global coordinators and joint bookrunners.

On 14 May 2025, Caterpillar Financial Services Corporation (Cat Financial) successfully completed its inaugural CHF 375 million Swiss franc bond issuance, under standalone Swiss law documentation. Cat Financial is a subsidiary of Caterpillar Inc. Cat Financial provides a range of financing solutions – including for machines, engines, parts, and services – to customers of Caterpillar…

On 12 May 2025 and 9 May 2025, respectively, UBS Group AG completed its issuance of (i) EUR 1.25 billion in aggregate principal amount of Floating Rate Callable Senior Notes due 2029 and (ii) USD 1.75 billion in aggregate principal amount of Fixed Rate/Floating Rate Callable Senior Notes due May 2036, each under its Senior…

In May 2025, Sportradar Group AG completed its USD 517.5 million underwritten secondary public offering by certain selling shareholders. As part of the transaction, the company implemented a conversion of a certain amount of its class B shares into class A shares and, concurrently with the secondary public offering, repurchased own shares in the amount…