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ARTICLE · 02 JUNE 2016

CSX - Listing Eurobonds

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Eurobonds listed on the Cayman Islands Stock Exchange (the "CSX") now benefit from the quoted Eurobond exemption for withholding tax purposes.

Cayman IslandsFinance and Banking

Introduction

Eurobonds listed on the Cayman Islands Stock Exchange (the "CSX") now benefit from the quoted Eurobond exemption for withholding tax purposes. This means that the CSX can now compete with stock exchanges such as Luxembourg and London.

In common with the other stock exchanges, the principal concern of the CSX is to ensure that there is adequate disclosure appropriate to the nature of the bonds being listed and the potential investors. The more sophisticated the potential investors, the more flexible the CSX may be in applying the listing rules.

This note is a summary of the rules applying to a listing of Eurobonds under Chapter 12 of the CSX's Listing Rules. Slightly different rules will apply to secured bonds which will be listed as specialist debt securities under Chapter 8. Copies of the CSX listing rules can be obtained from the CSX website: www.csx.com.ky.

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