We balance investor needs with an efficient and fully customised listing service for high yield bond issuers.
In 2006, LuxSE became the first European exchange to list high yield bonds. In cooperation with the European High Yield Association, we published the first EU guidance and rules on listing high yield bonds, giving corporate issuers with complex ownership structures access to capital markets. Today, we account for roughly 50% of the listed high yield bond market.
37 Total number of high yield bonds listed in December 2016
€12bn Total volume of high yield bonds listed in 2016
50%* Share of listed European high yield bond market
* Based on AFME High Yield Bond statistics 2016
Every high yield bond has unique characteristics; no two prospectuses are the same. Issuers can leverage our expertise to ensure their prospectus is fully customised to the individual needs of their bond.
Disclosure requirements are practical, yet robust. For example, issuers are only required to disclose consolidated financial statements and the proportion of the financials represented by the underlying guarantors. This provides investors with pertinent information relating to the security, while at the same time minimising disclosure efforts.