Davis Polk served as special corporate disclosure counsel to the lead manager on a Rule 144A/Regulation S offering by UBS Group Funding (Jersey) Limited of $2 billion aggregate principal amount of 3% senior notes due 2021, $2 billion aggregate principal amount of 4.125% senior notes due 2026 and $1 billion aggregate principal amount of floating-rate senior notes due 2021. The notes are guaranteed by UBS Group AG and are structured to qualify for inclusion in total loss-absorbing capacity (TLAC).

UBS Group AG is a global firm, serving private, institutional and corporate clients worldwide, as well as retail clients in Switzerland. UBS Group AG’s business strategy is centered on its preeminent global wealth management businesses and its universal bank in Switzerland. Headquartered in Zurich and Basel, Switzerland, UBS Group AG has offices in more than 50 countries, including all major financial centers.

The Davis Polk corporate team included partner John Banes and associates Shane Tintle, Ferrell Maguire and Yolanda Min. Members of the Davis Polk team are based in the London and New York offices.

Copy link to share post