High yield bonds | TISE

High Yield Bonds

With no MAR and an efficient listing process, we are Europe's premier listing venue for High Yield Bonds

We are Europe’s leading stock exchange for the listing of High Yield Bonds

With more than 500 High Yield Bonds admitted to our Official List, it is established European market practice to list these securities on QIBM.

High Yield Bond issuers and their advisors choose us for several reasons, notably our proportionate disclosure requirements, responsive and knowledgeable listing teams, guaranteed review times and competitive pricing.

TISE is also considered a recognised stock exchange for both the UK and Irish Quoted Eurobond Exemption and is a Designated Offshore Securities Market by the US Securities and Exchanges Commission (SEC).

Listing on QIBM has appealed to issuers from a range of domiciles including the UK, Europe, the US and Asia and there have been prominent deals from major international companies, including Aston Martin, Bacardi, Carnival Corporation, Netflix and Virgin Media.

For more details specific to our bespoke High Yield proposition please visit: Listing High Yield Bonds FAQs

Fee Example: an issuer listing one security class

  Initial fees Annual Fees Year 1 Total: £10,600

Year 2+ Total: £1,750
Issuer £7,000  
Class £1,600 £1,750
Formal Notice £250  
Sub-total £8,850 £1,750

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

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.

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