The International Stock Exchange (TISE) has launched a Qualified Investor Bond Market (QIBM) – a dedicated exchange offering for the listing of bonds marketed to qualified investors such as institutional and professional investors.
The key features include:
• QIBM listing rules – a bond rulebook incorporating a proportionate disclosure regime for all bond products
• TISE guarantee – ‘3+1’ guaranteed review timelines to provide certainty to clients through a commitment to an initial review of listing applications within three business days of first submission and within one business day of subsequent submissions
• TISE passport – pan-European fast-track listing service available for bond programmes already approved by a national competent authority within the EEA or UK
• TISE 1 form – QIBM applications are made via the completion of a single, composite application form
• Lifetime fee – the QIBM listing fee schedule introduces the option of a one-off lifetime fee payment solution for products such as corporate bonds, derivative bonds, securitisations including collateralised loan obligations, sovereign and other public bonds.
Anthony Byrne (pictured), Head of Bond Markets at the exchange, said: “TISE is already a leader in Europe for listing high-yield bonds and private equity debt securities and the evolution of our offering will help to maintain our position in those core markets.
"Our enhanced offering also puts us in a strong position to attract other corporate bonds, securitisations including collateralised loan obligations, derivative bonds, sovereign and public bonds, and positions TISE as one of Europe’s most attractive listing venues for international bond programmes.”