Davis Polk served as special corporate disclosure counsel to the joint bookrunners on a Rule 144A/Regulation S offering by UBS Group Funding (Jersey) Limited of $1.5 billion aggregate principal amount of 2.95% senior notes due 2020, $2.5 billion aggregate principal amount of 4.125% senior notes due 2025 and $300 million aggregate principal amount of floating-rate senior notes due 2020. 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 Jeffrey M. Oakes and associates Shane Tintle and Ferrell Maguire. Members of the Davis Polk team are based in the London and New York offices.

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