The International Stock Exchange (TISE) has reported that there were 705 new listings during 2017 – an increase of 203 (40 per cent) on the previous year.
This took the total number of listed securities on the Exchange to 2,511 at the end of December.
Growth areas for new listings included debt products such as high-yield bonds and convertible bonds, as well as investment vehicles including real estate investment trusts (REITs).
Fiona Le Poidevin (pictured), CEO of The International Stock Exchange Group, commented: “High-yield was an area of notable growth during last year, with 56 companies issuing 71 high-yield bonds on TISE.”
German recognition
Last year, TISE received recognition from German financial services regulator BaFin, which means that German funds established under the EU’s Undertakings for Collective Investment in Transferable Securities (UCITS) Directive can now invest in securities listed on TISE.
Looking ahead, Fiona Le Poidevin added: “A particular focus for us in 2018 will be showcasing how local companies and those from outside Guernsey, Jersey and the Isle of Man, such as UK small and medium-sized enterprises, can benefit from listing on TISE.
"Being based in the Crown Dependencies means we can offer stability at a time of significant uncertainty in the UK, given the ongoing Brexit process.”