Channel Islands Securities Exchange Authority Limited: Chapter 8 Debt Listings

Executive summary

The purpose of this briefing is to highlight the principal requirements and key issues to be considered when considering the listing of debt securities on the CISEA.

The Channel Islands Securities Exchange Authority Limited (the CISEA) offers:

• competitive pricing: (see section entitled "Listing fees" below);
• recognised stock exchange status for "quoted Eurobond" and other purposes; and
• a pragmatic approach to disclosure requirements.

Introduction

The CISEA commenced operations on 27 October 1998 with the intention of providing recognised facilities for the listing and trading of a broad range of debt securities. Current listings on the CISEA include equity-linked notes, convertible notes, PIK notes, Eurobonds and warrants.