News, Deals & Cases

On 3 September 2024, Raiffeisen Schweiz Genossenschaft issued EUR 500 million 3.852 % 8NC7 Fixed-to-Fixed Rate Bail-in Bonds due 2032. Deutsche Bank, J.P. Morgan, Morgan Stanley, Raiffeisen Schweiz Genossenschaft and UBS Investment Bank acted as Joint Lead Managers and DZ Bank and Société Générale as Co-Lead Managers. 

On 3 September 2024, Sunshine SwissCo AG, a consortium led by EQT, the Abu Dhabi Investment Authority (ADIA), and Auba Investment Pte. Ltd., announced the completion of an accelerated bookbuilding process targeting professional investors in Switzerland and qualified investors internationally. This process resulted in the placement of 14,273,859 shares in Galderma Group AG at a…

On 20 August 2024, R&S Group Holding AG acquired Kyte Powertech Limited, an Ireland-based manufacturer of distribution transformers, based on an enterprise value of EUR 250 million. The funding for the acquisition was secured by a bridge loan amounting to CHF 233 million and a rollover of a significant portion of shares held by the…

On 5 August 2024, L’Oréal and Galderma announced the acquisition of a 10% stake in Galderma Group AG from Sunshine SwissCo AG, a consortium led by EQT, Abu Dhabi Investment Authority (ADIA), and Auba Investment Pte. Ltd., for an undisclosed amount. As part of this transaction, L’Oréal has agreed to certain undertakings with Sunshine SwissCo…

On 10 July 2024, AMAG Leasing completed its issuance of CHF 100 million 1.700 % Fixed Rate Auto Covered Bonds due 2028 under its CHF 1.5 billion Auto Covered Bond Programme irrevocably guaranteed by AMAG Leasing Auto Covered Bond AG (the Programme). The Auto Covered Bonds are indirectly backed by a portfolio of lease assets…

On 28 June 2024, Meyer Burger Technology AG completed a reverse split of its shares at a ratio of 750:1. This corporate action was approved by the company’s annual general meeting of shareholders on 25 June 2024. The new shares commenced trading on the SIX Swiss Exchange on the same day, marking the first day…

On 24 June 2024, UBS Group AG completed its offering of SGD 500 million 5.600 per cent. Tier 1 Capital Notes, which are redeemable at the option of UBS Group AG for the first time on 21 December 2029. The Notes are “high trigger” regulatory capital instruments that are eligible to fulfil UBS Group AG’s…

On 17 June 2024, Viseca placed CHF 165 million 1.65% senior bonds due 2028. The bonds were issued by Viseca Payment Services AG. Zürcher Kantonalbank, Raiffeisen Schweiz Genossenschaft and UBS acted as Joint Lead Managers.

On 19 June 2024, Novartis AG placed CHF bonds in the aggregate principal amount of CHF 2.2 billion in five tranches, with maturity dates ranging from 2027 to 2049. UBS, BNP Paribas (Suisse) SA and Deutsche Bank Aktiengesellschaft acted as Joint Lead Managers and Zürcher Kantonalbank acted as Co-Manager in this transaction.