On April 5, 2019, Holcim Finance (Luxembourg) S.A. issued EUR 500 m Subordinated Fixed Rate Resettable Notes (the Notes), guaranteed on a subordinated basis by LafargeHolcim Ltd. While the Notes are governed by English law, LafargeHolcim Ltd's guarantee thereof is governed by Swiss law. The Notes are perpetual instruments without a scheduled maturity date, designed to qualify as equity capital from an accounting perspective and as equity credit for rating purposes. The Notes will be listed on the Luxembourg Stock Exchange.
Homburger advised LafargeHolcim with respect to all Swiss law aspects of the transaction. The Homburger team was led by partner Daniel Daeniker (Corporate | M&A and Capital Markets) and included partner Stefan Oesterhelt (Tax), counsel Lee Saladino (Capital Markets, Banking and Finance) and associate Andreas Josuran (Capital Markets, Banking and Finance).