Homburger advised Luzerner Kantonalbank AG on its issuance of CHF 250 m Additional Tier 1 Notes
On May 13, 2019, Luzerner Kantonalbank AG (LUKB) successfully completed the issuance of CHF 250 m 1.80 per cent. Perpetual Additional Tier 1 Notes (the Notes). The Notes are governed by Swiss law, eligible to count towards LUKB’s Swiss going concern requirement, and are exempted from the Swiss withholding tax. They will be listed on the SIX Swiss Exchange. LUKB and Zürcher Kantonalbank acted as Joint-Lead Managers on the transaction.
Homburger advised LUKB and Zürcher Kantonalbank as transaction counsel with respect to all aspects of Swiss law. The Homburger team was led by partners René Bösch and Benjamin Leisinger (both Capital Markets) and included partner Dieter Grünblatt (Tax) as well as associates Andreas Josuran and Andrea Ziswiler (both Capital Markets).