INTERNATIONAL: TISE Launches Qualified Investor Bond Market

Monday August 9 2021

On 2^nd August 2021, the International Stock Exchange (TISE) launched a new qualified investor bond market (QIBM). TISE is a leading European professional bond market, and it has now evolved its offering with the introduction of the QIBM. 

The QIBM represents a dedicated exchange offering for the listing of bonds marketed to ‘qualified investors’ such as institutional investors, professional investors and other investors experienced and knowledgeable in investing in bonds. 

The key features of the QIBM comprise: 

• QIBM Listing Rules – A comprehensive bond rulebook incorporating a proportionate disclosure regime for all bond products. 

• TISE Guarantee – ‘3+1’ guaranteed review timelines provide certainty to clients through a commitment to conduct an initial review of listing applications within three business days of first submission and within one business day of subsequent submissions. This also applies to TISE’s Equity Market. 
• TISE Passport – A pan-European fast-track listing service available for those 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: and 
• 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. A Lifetime Fee also applies to bonds issued by way of drawdown document or final terms, providing one of the most cost-effective programme offerings in Europe. 

 Click on the above link for further information.