Programme on the Euro MTF

Listing on the Euro MTF will require submission of a base prospectus to LuxSE. Once your base prospectus has been reviewed and approved, tranches will be listed and admitted to trading.

  • Choose a listing agent (optional)

    It is not mandatory to appoint a listing agent to list at LuxSE; you can submit applications directly with us. However, you may choose to appoint a listing agent to submit requests on your behalf.

    Our listing members can act as a listing agent for you.

    See our listing members
  • Listing requirements

    In order to list on the Euro MTF market, a security issued under a programme must fulfil the following criteria:

    • Securities are eligible for clearing and settlement
    • Securities are freely negotiable and fungible

    There is no minimum issue size for securities to be listed under a programme.

    See Part 1, Chapter 6 and 7 of the Rules and Regulations for full details of our listing requirements.

    Rules and Regulations
  • Listing process

    File a base prospectus
    To begin the approval process, complete the following documents and send them to bolide@bourse.lu:

    • A copy of the base prospectus
    • Application form
    • Undertaking letter

    Prospectus review
    A first set of comments on a complete draft prospectus will be sent to you within a maximum period of three business days from the date of receipt of the filed application.

    Additional comments following submission of an updated draft prospectus will be provided within a maximum of two business days after submission.

    In the majority of cases, we are able to revert to you in less than 24 hours after submission of the updated draft base prospectus.

    Final submission
    The base prospectus will be approved once all comments have been addressed and the final version has been received.

    A base prospectus is valid for one year and securities may be issued and listed under the programme during this period. Base prospectus supplements prepared by the issuer will also be subject to review and approval.

    The base prospectus contains a Form of Final Terms that will need to be completed with the terms of each series to be issued. The final terms (pricing supplement) will not be subject to review and approval.

    Listing tranches
    In order to admit tranches to trading under a programme, the following files should be filed with LuxSE.

    • A copy of the Final Terms (pricing supplement) 
    • Information about the legal entity assuming the payment of the listing and maintenance fee
    • First listing price (current market price)
    • Split of RegS - Rule 144A Notes (if applicable)

    There is no need to complete a new application form to list tranches under a programme. A request for admission should be filed no later than noon on the day prior to scheduled listing.

  • Fees

    All fees are paid to LuxSE and priced in euros.

    • Bonds
      Programmes
        New Update Supplement
      Approval fee
      (if and as applicable)
      2,500 1,000 600
      Listing fee 2,000 1,000 6001
      Tranches
      Approval fee
      (if and as applicable)
      Drawdown/Unitary prospectus
        600
        Single fee Fungible
      Listing fee 600 600
      Maintenance fee Issued amont
      (in € million)
      Per security per year
        Up to 50 300
        Up to 100 450
        Up to 500 500
        More than 500 600

      (1) Applicable only if the supplement includes an increase in the nominal amount

    • Structured Investment Products

      Structured investment products are structured notes, warrants or certificates that are based on an underlying security, stock, commodity or other financial instrument, and are issued by a credit institution or affiliate.

      Programmes
        New Update Supplement
      Approval fee
      (if and as applicable)
      2,500 1,000 600
      Listing fee 2,000 1,000 6002
      Tranches
      Approval fee
      (if and as applicable)
      Drawdown/Unitary prospectus
        600
      Listing fee Single fee Fungible
        500 600
      Maintenance fee number of tranches3 Per tranche per year
        From 1 to 500 300
        From 501 to 1,000 200
        Starting from 1,001 0

      (2) Applicable only if the supplement includes an increase in the nominal amount
      (3) Range applicable is based on the total number of new tranches (including fungibles) listed during the calendar year

    For more details about fees, including fees for short term paper, see our listing fees booklet.

    Listing fees booklet
  • Continuing obligations

    After listing and admission to trading, issuers must fulfil specific reporting obligations. For example, issuers must file information and scheduled corporate events with LuxSE. Details are contained in Chapters 9 and 10 of LuxSE’s Rules & Regulations.

    Rules and Regulations

    Issuers on the Euro MTF market can take advantage of LuxSE’s FIRST, an integrated tool that enables issuers to publish and disseminate information. By using FIRST, you will fully comply with all regulatory reporting obligations.

    FIRST
  • FAQs

    For more information on how to list on the Euro MTF, read our Frequently Asked Questions.

    FAQ – Euro MTF

If you need more information

Contact us




portrait-API.jpg
Alex Picco

Head of Listing

+352 47 79 36 261 api@bourse.lu