NKF advises UBS, StormHarbour, Credit Suisse and ZKB in connection with the issuance of asset-backed notes by First Swiss Mobility 2017-2 AG
Niederer Kraft Frey advised UBS AG as Joint Arranger, lead Joint Bookrunner and Joint Lead Manager, StormHarbour Securities LLP as Joint Arranger and Co-Manager (Class B Notes and Class C Notes) and Credit Suisse AG and Zürcher Kantonalbank each as Joint Lead Manager and Joint Bookrunner in connection with the issuance by First Swiss Mobility 2017-2 AG of CHF 267,300,000 zero per cent. asset-backed Class A Notes due 2027, CHF 16,500,000 1.00 per cent. asset-backed Class B Notes due 2027 and CHF 14,800,000 2.00 per cent. asset-backed Class C Notes due 2027. The Notes which are backed by a portfolio of Swiss auto lease assets originated by Multilease AG are SIX listed. The transaction which closed on 28 November 2017 constitutes the second auto lease securitization transaction of Multilease AG in 2017 following its debut auto lease securitization transaction on 13 April 2017 in which NKF also acted as adviser to the Arranger and the Managers.
The NKF team was led by partners Daniel Bono, Capital Markets and Philippe Weber, Capital Markets working with partner Markus Kronauer, Tax, senior associate Christine Hohl Capital Markets, Banking, Finance & Regulation and junior associate Aurèle Bertrand, Capital Markets.