TISE Guarantee (3+1)

Our market facing listing team guarantees review timelines (3+1) in order that issuers and their advisors can plan their bond launch with certainty.

We commit to conduct an initial review of listing applications within 3 business days of first submission and within 1 business day of any subsequent submission(s).

We will return our initial comments immediately on completion rather than waiting for the day 3 close of business.

We facilitate same day approval when the final application for approval has been received by 12:00.

Supplementary listing documents are processed within 1 business day.

We commit to the same day listing of final terms issued under a bond programme when received prior to 12:00.

For more information, please visit our QIBM Listing Rules.

Qualified Investors

Our Qualified Investor Bond Market (QIBM) is wholly dedicated to listing bonds offered solely to Qualified Investors (institutional investors, professional investors and other investors experienced and knowledgeable in investing in bonds) as supported by our Primary Market QIBM Listing Rules, Secondary Market Trading Rules and Membership Rules.

Qualified Investor includes, amongst other definitions, “Professional Clients” as described in Annex II of MiFID II (2014/65/EU).

TISE is an independent European listing venue uniquely positioned outside of the EU & UK Prospectus, Market Abuse, Transparency & Securitisation Regulations. We provide a dedicated, all-inclusive rule book which sets out a proportionate disclosure regime for all bond products & structures.

There are no minimum denomination stipulations associated with listing on the QIBM.

Applications are made via the completion of a single composite TISE 1 Form and can be submit via email or via our dedicated online portal, MyTISE.

For more information, please visit our QIBM Listing Rules.

Global Recognition

TISE is a “Recognised Stock Exchange” for the purposes of both S.1005 of the UK’s Income Tax Act 2007 and S.64 of Ireland’s Taxes Consolidation Act 1997 (Quoted Eurobond Exemptions).

Global recognitions also include the US SEC (Designated Offshore Securities Market), German regulator BaFin (Approved Stock Exchange) and Australian Securities Exchange (Recognised Stock Exchange).

TISE listed bonds are eligible as investments for UCITS established in all of Europe’s leading UCITS jurisdictions, subject to the requirements of national implementing legislation.

We are an actively engaged market participant in the wider securities industry with official memberships including AFME, ICMA, IOSCO, QCA and UN SSE.

4,000+ Listed Bonds

We are one of Europe’s leading stock exchanges for international bond listings. 2,000 issuers from 35 countries list over 4,000 bonds on the QIBM.

2023 was the most successful year for total new bond issuances listed on the market since inception, with a record 2,596 issuances listed on QIBM during the year. 

We facilitate the listing of all bond products including Convertible Bonds, Derivative Bonds, High Yield Bonds, Investment Grade Bonds, Insurance Linked Securities (ILS), Private Equity Debt Securities, Securitisation including CLO, Short Term Paper, Sovereign Bonds, Sukuk and Sustainable Bonds.

For more information, please see the QIBM Official List below.

TISE Passport

A pan-European, fast-track listing service available for those bond programmes already approved by a national competent authority within the EEA or UK.

We will accept a pre-vetted bond programme where it has been wrapped with our templated TISE Passport Letter.

The completed TISE Passport Letter and corresponding bond programme together constitute a TISE Passport Programme for the purposes of listing via final terms on TISE.

Application must be received by 12:00 GMT to achieve a next day approval and facility to list.

We commit to same day listing when the final terms of a specified bond issued under a programme are received prior to 12:00.

No fees are payable to complete a TISE Passport, thereafter its £1,000 per final terms listed, irrespective of product type, duration or amount issued.

For more information, please visit our QIBM Listing Rules.

Competitive Fees

We offer one-off ‘lifetime’ payment solutions that can save issuers significant sums on both listing & admin costs versus other European listing venues.

Standalones

Bank & Corporate (investment grade) & Sovereign = £12,000

CLO Lifecycle Fee = £10,000 / New CLO = £10,000 / Refinanced CLO = £5,000

Securitisation & Derivative = £15,000

Programmes

TISE Approved Programme = £5,000 with no annual updates required

Programme Supplements = £0

Final Terms/Drawdown Document = £1,000

The full listing fee schedule can be accessed below: