Niederer Kraft & Frey is regularly involved in the largest and most complex capital market transactions in Switzerland. Representative transactions include advising:

• A banking syndicate with BNP Paribas, Deutsche Bank, HSBC, JP Morgan and Merrill Lynch as joint lead managers on the offering by Swiss Re of USD 750 million Perpetual Subordinated Notes with stock settlement through a "repacking vehicle", a unique structure that Swiss Re has set out with the aim of leading the market in new-style insurance hybrids (2012)
• Credit Suisse as Arranger and Lead Manager on the first of its kind securitisation of a revolving portfolio of auto lease assets originated in Switzerland by GE (2012)
• Cytos Biotechnology AG (SIX: CYTN) on the restructuring of its CHF 70 million convertible bond through a bondholders' meeting under mandatory Swiss collective bondholder action rules (2012)
• EFG International (SIX: EFGN) on the first issue of a Basel III compliant bond with a PONV write-down feature by a non "Too Big To Fail" bank in Europe (2012)
• Qatar Holding in the landmark investment in Credit Suisse Group Tier 1 Buffer Capital Notes (CoCos) in 2011
• A banking syndicate with BNP Paribas and Deutsche Bank as global co-ordinators on the financing of the takeover of Sunrise by CVC through high-yield bonds and various credit facilities with a total volume of around CHF 2.3 billion. The Sunrise CVC takeover was one of the largest private equity transactions in Europe in 2010
• A banking syndicate with UBS as global co-ordinator on the CHF 1 billion rescue rights offering by OC Oerlikon, one of the largest and most complex Swiss ECM transactions in 2010
• The Swiss Confederation on the subscription of the UBS convertible bond and subsequent placing of UBS shares totalling CHF 7.2 billion, the largest capital market transaction in Switzerland in 2009
• Givaudan AG on the structuring of the dividend payout via warrants, one of the first transactions of its kind over the past 10 years
• Daiwa Capital Markets Europe Limited, a leading issuer of alpine bonds, concerning the issuing of convertible bonds of Kadokawa Group Holdings Inc., one of the leading Japanese media companies, with a volume of CHF 130 million