Capital Markets

Financial Market Regulation

Amag Leasing

In November 2021, AMAG Leasing established its CHF 1.5 bn Auto Covered Bond Programme irrevocably guaranteed as to payments of interest and principal by AMAG Leasing Auto Covered Bond AG (the Programme).
On November 18, 2021, AMAG Leasing successfully completed its inaugural issuance of CHF 260 m 0.00% Fixed Rate Auto Covered Bonds due 2025 thereunder. The Auto Covered Bonds are indirectly backed by a portfolio of lease assets originated by AMAG Leasing (the Cover Pool). AMAG Leasing is the leading car leasing company in Switzerland with a portfolio currently comprising approximately 180,000 contracts valued at more than CHF 4 bn. AMAG Leasing is a subsidiary of AMAG Group, which is the largest mobility company in Switzerland.
The Swiss law governed Programme is the first Corporate Covered Bond Programme in Switzerland. It offers much greater issuance flexibility and quicker «time to market» compared to ABS.
The first issuance of Auto Covered Bond was well received in the market and attracted new investors allowing AMAG Leasing to further diversify its long-term funding sources.
Zürcher Kantonalbank acted as Sole Arranger.
Homburger acted as sole legal advisor advising AMAG Leasing as Issuer and the Zürcher Kantonalbank as Sole Arranger. The Homburger team was led by partners Daniel Haeberli and Stefan Kramer (both Capital Markets / Financial Market Regulation) and included Stefan Oesterhelt (Tax), associates David Borer and Pierina Janett-Seiler as well as junior associates Yannick Rüfenacht and Naomi Mark and paralegal Ganna Schneuwly (all Capital Markets).

Homburger advised AMAG Leasing AG on the establishment of its CHF 1.5 bn Auto Covered Bond Programme and the CHF 260 m inaugural issuance thereunder

Financing and Investment Products

DZ Bank

Homburger acted as counsel to DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, as arranger, agent, security agent and lender in connection with certain financing aspects of the acquisition of zvoove Switzerland AG (formerly BackOffice AG) by zvoove Group GmbH. Based in Basel, Switzerland, and founded in 1987, zvoove Switzerland AG supports temporary staffing companies with one of the leading industry solutions in Switzerland.
Homburger advised DZ BANK AG with regard to all Swiss legal aspects of the financing transaction.
The Homburger team was led by partner Jürg Frick (Financing and Investment Products) and included associates Stefan Bindschedler and Pierina Janett-Seiler (both Financing and Investment Products) as well as partner Stefan Oesterhelt (Tax).

Homburger advised DZ BANK AG in connection with financing aspects of the acquisition of zvoove Switzerland AG by zvoove Group GmbH

Corporate / M&A

Santhera

On May 4, 2021, Santhera Pharmaceuticals Holding AG (SIX: SANN) announced the settlement of the first exchange offer for a convertible bond in Switzerland. Holders of Santhera&#8217;s existing CHF 60 m Senior Unsecured Convertible Bonds due 2022 received one new CHF 30,270,375 Senior Unsecured Convertible Bond due 2024 and 26 Santhera shares per existing bond. The offer had been accepted by holders of 74.7% of the former bonds.
Homburger acted as transaction counsel in this matter. The team was led by partners Dieter Gericke and Daniel Häusermann (both Corporate / M&amp;A, Capital Markets). Key members of the team included partner Stefan Oesterhelt (Tax), counsel Eduard De Zordi (Financing and Investment Products) and associates Marco Rostetter and Romain Fakhoury (both Corporate / M&amp;A, Capital Markets), as well as Pierina Janett-Seiler and Daniel Junginger (both Financing and Investment Products) and junior associate Daniel Bötticher.

Homburger advises Santhera on the First Exchange Offer for a Convertible Bond in Switzerland and Issuance of New Senior Unsecured Convertible Bonds due 2024

Pierina
Janett-Seiler

Homburger advised AMAG Leasing AG on the establishment of its CHF 1.5 bn Auto Covered Bond Programme and the CHF 260 m inaugural issuance thereunder

Homburger advised DZ BANK AG in connection with financing aspects of the acquisition of zvoove Switzerland AG by zvoove Group GmbH

Homburger advises Santhera on the First Exchange Offer for a Convertible Bond in Switzerland and Issuance of New Senior Unsecured Convertible Bonds due 2024

Exchange offers under Switzerland's new prospectus regime: a guide

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Pierina Janett-Seiler

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PierinaJanett-Seiler

Homburger advised AMAG Leasing AG on the establishment of its CHF 1.5 bn Auto Covered Bond Programme and the CHF 260 m inaugural issuance thereunder

Homburger advised DZ BANK AG in connection with financing aspects of the acquisition of zvoove Switzerland AG by zvoove Group GmbH

Homburger advises Santhera on the First Exchange Offer for a Convertible Bond in Switzerland and Issuance of New Senior Unsecured Convertible Bonds due 2024

Exchange offers under Switzerland's new prospectus regime: a guide

Join the Team

Pierina Janett-Seiler

Career

Languages

Bar Registration

Teams

Pierina
Janett-Seiler