Bonds | TISE

TISE is one of Europe’s leading stock exchanges for international bond listings

Responsive. Innovative.

We are a leading European stock exchange providing international capital markets participants with a high-quality product and service offering for the listing and trading of securities.

Fast turnaround

We provide a quick review of all listing applications via our TISE Express 24-hour fast-track service, TISE Guarantee (2+1) turnaround for CLOs and standard TISE Guarantee (3+1).

Competitive Fees

Attractive listing fees including one-off ‘lifetime’ payment solutions can save issuers significant sums on both listing & administration costs versus other European listing venues.

Proportionate regulation

A globally recognised stock exchange, including for the Quoted Eurobond Exemption, where UK and EU rules do not apply and listing requirements are streamlined.

Convertible Bonds

We are increasingly seen as the exchange of choice for listing Convertible Bonds because we not only fulfil the requirements of being a ‘Recognised Stock Exchange’, but we also have a pragmatic admissions process which provides for speedy and cost-effective listings.

This is proving attractive to a growing number of companies from a wide variety of sectors choosing to list convertible bonds on our market including banking, construction, energy, food retailing, mobile telecommunications and property. Convertible issuers listing on TISE include Aberdeen Standard Investments, McClaren Racing, Gridserve Sustainable Energy and Green Energy.

Investment Grade Corporate Bonds

We are uniquely positioned to offer both a cost-effective & proportionate listing solution to corporate (bank & company) issuers of investment grade bonds.

Investment grade corporate issuers listing on our market include Blackstone, Canary Wharf Group Investment Holdings, China Cinda, Société Générale and Willis North America.

Such issuers may avail of our one-off ‘lifetime’ payment solution of £12,000.

Sovereign Bonds

Sovereign, local authority and public international body issuers should consult TISE at an early stage for information regarding our bespoke arrangements for such issuers.

The Crown Dependencies including the Bailiwick of Guernsey, the Bailiwick of Jersey and the Isle of Man are listing bonds on TISE.

Sovereign, local authority and public international body issuers may avail of our one-off ‘lifetime’ payment solution of £12,000.

How to List Bonds on TISE

The submission process

The procedure for listing comprises four stages

1. Satisfying Listing Conditions

Before an application to list a security is considered for submission to TISE, the appointed Listing Agent is required to vet the application against certain conditions for listing prescribed within the QIBM Listing Rules.

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2. Application for Listing

The applicant, through its appointed Listing Agent, must submit certain documents as required by the QIBM Listing Rules. Documentation requirements include a Listing Document (which can also take the form of an existing published prospectus, offering memorandum or equivalent document) together with supporting documentation such as accounts or certain material contracts (where applicable) as well as the TISE 1 Form & Listing Agent’s Declaration.

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3. Approval

All applications for listing will be processed by the team in our Listing Department. Once satisfied with an application they will submit a report, including their recommendations to TISE’s Listing and Membership Committee (LMC) for the LMC’s consideration.

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4. Listing

If the LMC approves the application, the Listing Document is then filed and the securities are admitted to the Official List. 

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Key reference points

The key points of reference for the listing process:

Appoint a Listing Agent 

A listing application must be made via one of our dedicated listing members

View our Listing Agents

Listing Rules 

We provide a dedicated all-inclusive rule book which sets out a proportionate disclosure regime for all bond products & structures

View our QIBM Listing Rules

Listing Fees 

We offer payment solutions that can save issuers significant sums on both listing & admin costs versus other European listing venues

View our QIBM Listing Fees

Continuing Obligations 

Post listing continuing obligations can be located at chapter 3 of the QIBM Listing Rules

View our QIBM Continuing Obligations

QIBM Market Data

2,600+

Issuers

40+

Countries

4,500+

Bonds

A comprehensive list of securities listed on our Qualified Investor Bond Market

QIBM Documents

Europe’s most comprehensive sustainable market segment, enabling the flow of capital into investments that promote environmental, social or sustainable activities.

Sustainable

Membership

Becoming a Member is simple. We serve international firms who benefit from being able to facilitate listing and trading on our market.

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