Capital Markets

<p>On January 15, 2021, Raiffeisen Schweiz Genossenschaft, a Swiss systemically relevant bank, issued two series of debt instruments for loss absorbency in the event of insolvency measures (bail-in bonds) under its newly established issuance program. The relevant base prospectus has been approved on January 4, 2021 by the Swiss review body of SIX for compliance with the Financial Services Act. The two series consist of CHF 125 m 0.1775% bail-in bonds due 2027 and CHF 175 m 0.570% bail-in bonds due 2031. Both series feature an optional issuer call one year prior to the respective maturity date and will be listed on the SIX Swiss Exchange. These bail-in bonds have been recognized by FINMA as eligible for recognition to meet the requirements as loss-absorbing funds and, therefore, are exempted from Swiss withholding tax.</p>
<p>Homburger advised Raiffeisen Schweiz Genossenschaft with respect to all aspects of Swiss law. The Homburger team was led by partner Benjamin Leisinger and included counsel Eduard De Zordi, associate Sofiya Shavlak and paralegal Ganna Schneuwly (all Capital Markets) as well as partner Stefan Oesterhelt (Tax).</p>


Homburger advised Raiffeisen Schweiz Genossenschaft in the Issuance of two Series of its Bail-in Bonds

Credit Suisse

<div class="typo-h5">Athene Global Funding issued CHF 265 m Bonds in the form of a GIC bond. Credit Suisse AG acted as lead manager, together with BNP Paribas (Suisse) SA and Deutsche Bank AG London Branch, acting through Deutsche Bank AG Zurich Branch. The Bonds will be listed on the SIX Swiss Exchange.</div>
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<div class="rich-text">Homburger acted as Swiss transaction counsel. The Homburger team consisted of partners René Bösch and Benjamin Leisinger (Capital Markets), counsel Eduard De Zordi (Capital Markets), associate Andrea Ziswiler (Capital Markets) and paralegal Ganna Schneuwly (Capital Markets).</div>
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Homburger advised Credit Suisse AG in connection with the issuance of CHF 265 m Bonds by Athene

Financial Market Regulation

Zurcher Kantonalbank_bw

<p>On September 30, 2020, Zürcher Kantonalbank successfully placed CHF 275 m 1.75% AT1 Write-Down Notes. The notes qualify as both additional tier 1 capital as well as going concern capital under Swiss regulations for systemically relevant banks. This transaction was the first transaction in Switzerland done in reliance on the exemption in the new prospectus regime of the Financial Services Act to have a prospectus that is pre-approved by a Swiss reviewing body. The first day of trading on the SIX Swiss Exchange is expected to be October 15, 2020.</p>
<p>The Homburger team is led by partners Benjamin Leisinger and René Bösch and includes associate David Borer as well as paralegal Ganna Schneuwly (all Banking and Finance).</p>


Ganna
Schneuwly

Homburger advised Raiffeisen Schweiz Genossenschaft in the Issuance of two Series of its Bail-in Bonds

Homburger advised Credit Suisse AG in connection with the issuance of CHF 265 m Bonds by Athene

Homburger advised Zürcher Kantonalbank in the issuance of CHF 275 m 1.75% AT1 Write-Down Notes

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Ganna Schneuwly

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Homburger advised Raiffeisen Schweiz Genossenschaft in the Issuance of two Series of its Bail-in Bonds

Homburger advised Credit Suisse AG in connection with the issuance of CHF 265 m Bonds by Athene

Homburger advised Zürcher Kantonalbank in the issuance of CHF 275 m 1.75% AT1 Write-Down Notes

Join the Team

Ganna Schneuwly

Career

Languages

Teams

Ganna
Schneuwly