CLO listing

Collaterised Loan Obligations (CLOs) are structured portfolios that pool loans to companies or private equity players that wish to make leveraged buyouts. After their repurchase, these loans are securitised and resold in different tranches to investors.

Luxembourg – home to over a quarter of all European securitisation transactions

Luxembourg’s business-driven financial ecosystem is the ideal location for international securitisation. The country already hosts over a quarter of all European securitisation vehicles and has double tax treaties in place with more than 85 jurisdictions.

An attractive and innovative legal framework

Luxembourg’s newly amended Securitisation Law offers some key features which are set to transform the country into a leading jurisdiction for CLO structures. These include: 
  • The right for Luxembourg securitisation vehicles to actively manage risks linked to bonds, loans or other debt instruments, to the extent that the securities issued to finance such risks are not offered to the public. 
  • The flexibility of compartmentalisation, including adjustments for equity financings, which remains an integral part of the Securitisation Law. 
  • A wider range of corporate forms which can now be used for securitisation, including  (i) a general partnership (société en nom collectif), (ii) a common limited partnership (société en commandite simple), (iii) a special limited partnership (société en commandite spéciale) and (iv) a simplified limited company (société par actions simplifiée). 
  • The limited recourse concept, which enables the achievement of tax neutrality.  

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LuxSE – a strong track record in the listing of structured financial instruments

LuxSE has a strong track record and over 35 years of experience in the listing of structured financial instruments. With over 1,700+ asset-backed securities listed to date issued by 384 issuers from 30 countries, we are undoubtedly one of the leading European venues for the listing of securitised products.

Euro MTF – the leading MTF in Europe

As the largest MTF for the listing of debt securities in Europe, Euro MTF provides unparalleled visibility and recognition amongst the international investor community. Offering a trusted regulatory regime with decades of experience in the listing of securities, as well as access to the Luxembourg Green Exchange (LGX) for green CLOs, LuxSE is the venue of choice for an internationally recognised quality label.

A seamless and efficient listing process

When listing a CLO on EuroMTF, LuxSE oversees the entire approval and admission process, guaranteeing a fast review process for direct and indirect prospectus submissions – up to three days for the first review, and in most cases, 24 hours following the submission of the updated draft prospectus. 

Our listing team can be contacted directly for preliminary questions, as well as being on hand to support our issuers throughout the listing process. We also offer clear and concise guidelines for securitised products in the Euro MTF (LuxSE Rules and Regulations - Appendices V and VI). 

Competitive and transparent listing fees

LuxSE has a dedicated fee schedule for CLO transactions. In order to be eligible, CLOs should feature active management (which includes the buying and selling of the underlying leveraged loans) by a CLO manager, who selects the collateral and manages the underlying portfolios.   

A one-off fee of € 6,500 per vehicle is to be paid at the moment of listing. The fee covers the approval, listing and maintenance for all securities included in the single vehicle.

Contact us

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Carlo Houblie

Commercial Director

+352 47 79 36 471 cho@bourse.lu
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Carlo Oly

Head of Relationship Management

+352 47 79 36 227 col@bourse.lu