UBS Group makes multiple notes issuances
Publicado el 30 may 2025
UBS Group AG has made three successive notes issuances, both in euros and US dollars, as part of its senior debt program, and which also included an equity conversion feature.
All of the issuances imply notes that are bail-inable (TLAC) bonds that are eligible to count towards UBS Group AG's Swiss gone concern requirement.
On May 12, UBS Group successfully completed its issuance of 1.25 billion euros in aggregate principal amount of floating rate callable senior notes due 2029. The notes are bail-inable (TLAC) bonds that are eligible to count towards UBS Group’s Swiss gone concern requirement.
The notes are governed by Swiss law and the Notes have been provisionally admitted to trading, and application has been made for definitive admission to trading and listing of the Notes, on the SIX Swiss Exchange.
On May 9, UBS Group completed its issuance of $1.75 billion in aggregate principal amount of fixed rate/floating rate callable senior notes due May 2036.
The notes are governed by Swiss law and the Notes have been provisionally admitted to trading, and application has been made for definitive admission to trading and listing of the Notes, on the SIX Swiss Exchange.
And on February 12, UBS Group successfully completed its issuance of 1.5 billion euros in aggregate principal amount of 3.250 percent, and fixed rate/fixed rate callable senior notes due February 2034, and 1.25 billion in aggregate principal amount of 2.875 percent.
The notes are also governed by Swiss law and the notes have been admitted to trading and are listed on the SIX Swiss Exchange.
On February 10, UBS Group successfully completed its offering of $1.5 billion in aggregate principal amount of 7.125 percent, as well as tier-1 capital Notes and $1.5 billion in aggregate principal amount of 7.000 percent.
These notes are "high trigger" regulatory capital instruments that are eligible to fulfill UBS Group AG’s Swiss going concern requirements.
Upon occurrence of a "trigger event" or a "viability event", the notes will be converted into ordinary shares of UBS Group AG in accordance with their terms. The notes are also governed by Swiss law and have been admitted to trading and are listed on the SIX Swiss Exchange.
UBS Group was advised on all of the issuances by law firm Homburger, and whose capital markets team was led by Stefan Kramer and Benedikt Maurenbrecher, and included Lee Saladino and Daniel Hulmann, as well as Stefan Oesterhelt (tax).
