UBS Group AG, the new top holding company of UBS group, has completed the inaugural issuance of USD 1.25 billion 7.125% Additional Tier 1 write-down notes, USD 1.25 billion 7.00% Additional Tier 1 write-down notes and EUR 1.00 billion 5.75% Additional Tier 1 write-down notes. The three notes combine different features including different currencies and interest rates as well as high and low CET1 ratio triggers.

Homburger advised UBS on all regulatory and transactional aspects as to Swiss law. The Homburger team was led by partner Benedikt Maurenbrecher (Financial Services) and comprised partner Stefan Oesterhelt (Tax), counsel Lee Saladino, associates Olivier Baum and Stefan Kramer as well as junior associate Andreas Schneuwly (all Financial Services).