In general, debt securities issued by companies which are nationals of a jurisdiction that is a GSX Recognised State, are welcome to apply for admission to the Gibraltar Stock Exchange in accordance with the Listing Code for Debt Securities
All debt securities seeking admission to the Main Market must in addition publish a prospectus that has the prior approval of the Home Member State and complies with the EU Prospective Directive. GSX has published a Prospectus Handbook for Debt Securities, which to help prepare the prospectus.
The Listing Code for Debt Securities allows for the listing of the following: bonds, asset-backed securities, and derivative securities. Please refer to the Listing Code for Debt Securities for formal definitions, restrictions, and criteria.
It is the ambition of the Gibraltar Stock Exchange to be a leading stock exchange for the listing of Debt Securities, providing a practical listing service that combines speed to market with a competitive cost structure
Listing debt securities on the Main Market with a prospectus drafted in accordance with the Prospectus Directive may provide companies with a number of advantages, including full passporting and promotional rights to professional investors throughout the EU, and UCITS eligibility.
The Gibraltar Stock Exchange’s Main Market is also recognised by HMRC under the Income Tax Act 2007. Securities listed on the Main Market are eligible for the UK SIPPs and ISAs market.
The Listing Code for Debt Securities offers issuers with a wide range of structuring and listing solutions to meet their needs. For example:
To discuss these and other applications, please contact GSX or a Member Firm
Applicants must first appoint a Member Firm which is qualified to list debt securities (Class 2) and is responsible for dealing with the Gibraltar Stock Exchange on all matters relating to the application, listing, and continuing obligations of the debt securities.
In addition, in order to seek admission to the Main Market applicants must prepare a prospectus that complies with the Prospectus Directive.
On both of these matters, please contact GSX directly or a Member Firm.
GSX understands that speed is important for issuers bringing debt securities to market. GSX guarantees turnaround times on its review of your application enabling you to plan your listing with certainty.
As soon as your Listing Member initially submits your prospectus and/or listing documentation to GSX, the following process and timetable shall apply:
The fees charged by GSX’s fees and our Member Firms in general are highly competitive. This makes the overall listing process very cost effective. Full GSX fee details can be found in the Fees section of the website below.
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