On 4 October 2023, Novartis AG completed the spin-off of the Sandoz generics and biosimilars business, and Sandoz Group AG debuted as independent publicly traded company. The Sandoz shares were listed on SIX Swiss Exchange. The spin-off has been effected through a tax-neutral dividend-in-kind distribution of Sandoz shares to holders of Novartis shares and of Sandoz ADRs to holders of Novartis ADRs that that was previously approved by Novartis shareholders at an extraordinary general meeting. Sandoz is a European champion and a global leader in Generics and Biosimilars.

On 2 October 2023, Autoneum Holding AG, headquartered in Winterthur, Switzerland, and listed on SIX Swiss Exchange under the ticker symbol AUTN, completed its rights offering launched on 14 September 2023, with net proceeds of approximately CHF 100 million. The net proceeds will be used to partially repay the bridge loan which Autoneum entered into to provide financing for its acquisition of Borgers’ automotive business. Autoneum is a global leader in acoustic and thermal management for vehicles. It operates 67 production facilities worldwide and employs around 16,600 people in 24 countries.

Vontobel has successfully placed new Additional Tier 1 bonds (AT1 bonds) with a nominal value of USD 400 million in two tranches of USD 200 million and a denomination of USD 200,000 each with funds managed by Apollo Global Management. The issue price of the AT1 bonds is 100 percent and payment occurred on 28 September 2023. The AT1 bonds have an expected Baa2 rating from Moody’s. Vontobel Holding AG is assigned an A2 issuer rating by Moody’s.

On 28 September 2023, Raiffeisen Schweiz Genossenschaft successfully completed its Bond issuance in the amount of CHF 100 million. The bonds are traded and will be formally listed on SIX Swiss Exchange.

On 22 September 2023, UBS Group AG successfully completed its issuance of USD 1.25 billion in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due December 2027, USD 1.5 billion in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due September 2029 and USD 1.75 billion in aggregate principal amount of Fixed Rate/Fixed Rate Callable Senior Notes due September 2034 under its Senior Debt Programme. The Notes are bail-inable (TLAC) bonds that are eligible to count towards UBS Group AG’s Swiss gone concern requirement.

On 12 September 2023, Equinix, Inc., a globally leading digital infrastructure company, successfully completed its inaugural Swiss issuance of CHF 300 m 2.875% bonds due in 2028. The Bonds were issued by Equinix Europe 1 Financing Corporation LLC and are fully guaranteed by Equinix, Inc. The offering of the Bonds was done by reliance on Regulation S under the U.S. Securities Act.