The listing of debt securities is a convenient and
recognised way to raise funds. The process is relatively
straightforward and cost effective, and can be completed within a
couple of weeks from start to finish.
The listing of debt securities on SEM would be undertaken by way
of a special purpose vehicle (the "Issuer") issuing debt
securities, which will be listed on the Official List of the SEM.
The subscribers for these debt securities will typically be
institutional or sophisticated investors, and could include funds
from self invested personal pension plans.
In order for the securities to be admitted to the Official List,
the SEM must be of the opinion that the Issuer and its business are
suitable. The Issuer must be duly incorporated or established
according to the relevant laws of its place of incorporation or
establishment and be operating in conformity with its memorandum
and articles of association, constitution or equivalent
constitutive documents.
