Defence | TISE

Defence

Fast turnaround, competitive fees and minimised disclosure with a proven track record in defence listings

TISE provides an efficient listing venue for issuers across multiple sectors, with a growing focus on defence transactions accessing international capital markets.

Investment into defence has re-emerged as a strategically important and structurally growing area of capital allocation, including within the UK, US and Europe.

Supporting security, resilience and long-term stability, TISE is ideally positioned to facilitate debt and equity listings which facilitate investment in the sector.

As well as offering fast turnaround of listing applications and competitive fees, we are a globally recognised stock exchange, including for the Quoted Eurobond Exemption. When listing defence-related transactions on TISE, UK and EU rules do not apply, and minimised disclosure requirements support commercial confidentiality.

Sub-sectors

More than £3 billion worth of listings on TISE financing the acquisition of companies providing defence, resilience and security. The acquired companies specialise in the following fields:

024-radar.svg

Aerospace technology

018-technology.svg

Electronic warfare

021-boots.svg

Military and defence training

007-jet-plane.svg

Aviation and aircraft engineering

014-signal.svg

Intelligence

023-handcuffs.svg

Security solutions

034-bulletproof.svg

Battle gear and survival equipment

003-cruiser.svg

Military vessels/boats

005-submarine.svg

Submarine survival systems

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.

Read MoreLess

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.

Read MoreLess

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.

Read MoreLess

4. Listing

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

Read MoreLess

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

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

Sustainable

TISE is one of Europe’s leading stock exchanges for international bond listings providing compelling differentiators when compared with other European listing venues.

QIBM Brochure 2026

  

Latest QIBM News