This article provides a summary of Appleby listing agent
services in the Channel Islands, and also offers an introduction to
listing loan note securities issued by co-issuers on The
International Stock Exchange (TISE).
Appleby Securities (Channel Islands) Ltd
(Appleby) and TISE work together on a significant
number of listings of securities on TISE.
One recent theme is a growing trend for the aggregate principal
amount of notes to be issued jointly and severally by two or more
co-issuers and, therefore, each issuer is liable for repayment of
the notes in their entirety. In addition, it may be viable under
the terms and conditions of the securities to add additional
co-issuers of the Notes to the extent it does not result in adverse
tax consequences to the noteholders.
