Switzerland

On June 17, 2026, Zürcher Kantonalbank (ZKB) successfully completed a further offering of Bail-in Bonds in the amount of EUR 500 m. Zürcher Kantonalbank’s Bail-in Bonds, including the newly placed EUR 500 m 3.622% 6NC5 Bail-in Bonds, have been designed and issued on the basis of a legal framework allowing Cantonal Banks to issue Total-Loss-Absorbing-Capacity (Gone-Concern Capital) Bonds. If FINMA orders the partial or complete reduction of the bondholders’ claims under the Bail-in Bonds, the bondholders are entitled to receive Recovery Certificates. Such Recovery Certificates include claims, subject to multiple conditions precedent, for subsequent future compensation payments for the full or partial reduction of the bondholders’ claims under the Bail-in Bonds.   BNP PARIBAS, Commerzbank Aktiengesellschaft, UBS London Branch and Zürcher Kantonalbank acted as Joint Lead Managers. The team advising Zürcher Kantonalbank as issuer on all Swiss law aspects was led by Benjamin Leisinger (Capital Markets and Financial Market Regulation) and included Sofiya Shavlak and Yulia Shaburnykova (both Capital Markets). Tax aspects were covered by Dieter Grünblatt.   Contact Beatrice Winkler / Marketing / [email protected]

On June 9, 2026, Idorsia Ltd (SIX: IDIA), a commercial-stage biopharmaceutical company with a portfolio of first- or best-in-class assets, entered into a senior secured term loan agreement of up to CHF 250 million with investment funds managed by Pharmakon Advisors, LP. The first tranche of CHF 150 million will be used, among other things, to refinance existing financing of the Idorsia group, with further tranches available, subject to customary conditions, to support targeted initiatives to accelerate growth and long‑term value creation. Homburger advised Idorsia Ltd on the Swiss law aspects of the transaction. The Homburger team was led by Frank Gerhard and included Eduard De Zordi and Daniel Hulmann (all Capital Markets).   Contact Wanda Schweda / Marketing / [email protected]

On June 8, 2026, TGS, a leading global provider of energy data and intelligence, announced its acquisition of Apparition Geoservices GmbH, securing exclusive access to its proprietary simultaneous source acquisition and separation technology. Combined with TGS's Gemini Enhanced Frequency Source (EFS) technology, Apparition creates a platform for step-change improvements in seismic operational efficiency, source capacity and subsurface imaging clarity. The Homburger team advising TGS comprised Margrit Marti, Claudine Schär and Géraldine Bär (all Corporate / M&A), Stefan Oesterhelt and Juliette Buob (both Tax) and Luca Dal Molin (IP / IT). Contact Nanding Susso / Marketing / [email protected]

On June 1, 2026, UBS AG, acting through its London branch, successfully completed its issuance of EUR 1.25 bn in aggregate principal amount of Fixed Rate/Floating Rate Notes due 2032 under its Euro Note Programme. The Homburger team was led by Stefan Kramer and Benedikt Maurenbrecher and included Lee Saladino and Daniel Hulmann (all Capital Markets) as well as Stefan Oesterhelt (Tax).     Contact Wanda Schweda / Marketing / [email protected]