Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 23-02-2012 | Practice Area: | Debt Capital Markets |
| Deal Title: | UBS Tier 2 Subordinated Notes due 2022 | Industry: | Banks |
| Description: |
Clifford Chance has advised UBS on the issue of US$2 billion Tier 2 Subordinated notes due 2022, in what is the first low-trigger Contingent Capital issue from Switzerland. The bonds are written down permanently if the bank's common equity Tier 1 ratio falls below five per cent. This innovative bond structure is a response to the increased Swiss capital requirements.
The Clifford Chance team on the transaction was led by Simon Sinclair and included senior associates Yara Fadayel and Yinan Zhu.
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| Financial Center: | London | Value: | 1000.01-5000.00 |
| Advised Party: | Issuer | Law Firm | Clifford Chance |
| Issuer Jurisdiction | Switzerland | Listing Jurisdiction | United Kingdom |
| Classification: |
Corporate Bonds Subordinated Debt |
Lawyer | Simon Sinclair |
