There has been further growth in new listings on The International Stock Exchange (TISE), with 338 newly listed securities during the first half of 2018. This takes the total number of listed securities on the exchange to 2,642 at the end of June 2018.
During the same period, four new members have been approved to sponsor listings on TISE, taking the total number of listing and trading members to 44.
Debt remained the largest proportion of new listings during the first half of the year. This has included a £3.5bn issuance by sports betting and gaming giant GVC Holdings (UK), which was the first TISE listing to be sponsored by an Isle of Man-based member firm.
High-yield bonds
Fiona Le Poidevin (pictured), CEO of The International Stock Exchange Group (TISEG), said: “High yield continues as an area of notable growth – we've seen 103 companies issuing 156 high-yield bonds that have listed on TISE during the past two years.
"Our position as a stock exchange based in Europe geographically but outside the European Union means we can offer proportionate levels of regulation and a responsive service offering within an innovative environment.”
Open and closed
During the first half of the year, 14 classes of open-ended investment vehicles and seven classes of closed-ended investment vehicles listed on TISE. The latter included two HMRC-approved UK Real Estate Investment Trusts and a third listed at the start of July.
TISE’s new members during the first half of the year have included fund administration business FIM Capital, as the second Isle of Man-based member, and Solidum Re (Guernsey) ICC as the first insurance linked securities specialist to become a member firm.