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Listing
- Listing overview A comprehensive look at our listing offering
- e-Listing The digital listing solution
- Listing a bond Select your preferred market and list a debt security
- Listing a share/GDR Launch an IPO or simply list your equity products with us
- Listing an investment fund/ETF Get your funds UCITS or AIFMD admitted
- Listing a warrant/certificate Get your structured products off the ground
- Listing under a programme A quick and simple way to list large volumes of securities
- BdL market vs Euro MTF Learn about the differences between our two markets
- Listing process Follow these five easy steps and find out how to list your security
- Listing Members Official members offering listing services
- Securities Official List (SOL) A listing alternative for specialised security types
- Professional Segments LuxSE features two Professional Segments, available on the regulated market and the Euro MTF.
Quick links
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Trading
- Trading overview LuxSE facilitates trading in a wide range of financial instruments – learn how
- Investors Find out how to trade on both our markets
- Brokers and dealers Become a trading member and get access to LuxSE markets
- Trading members Consult the member list, choose the trader and place your orders
- Opening hours and closing days Our markets are open from Monday to Friday
- Clearing and settlement Learn more about the post-trading process
- Market Makers and Liquidity Providers LuxSE has implemented a range of Market Making Schemes to be compliant with MiFID II regulation
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Information Services
- Information Services overview Discover our broad range of information services
- FIRST Report & file financial information
- FNS Learn more about our tool for dissemination of financial news
- OAM Your access point for filing, storage and consultation of documents
- Market data products Discover our market data products range (e.g. Data distribution...)
- LEI - Legal Entity Identifier Make your life easier by applying directly for LEI (Legal Entity Identifier) at LuxSE
- PLUS - Perma Link Upload Service Incorporation by reference made easy
- Final Terms filing service Streamline your Final Terms filing to the CSSF with LuxSE’s Final Terms filing service
- Stops on bearer securities Placing a stop and confirmation of a 'no stop' and 'non forfeiture' of a security
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Market data & news
- Market data & news overview Find all notices, regulatory information and lists
- Market news Notices, OAM, new listings, delistings and suspensions
- Market data Latest prices on stocks, fixed income, funds and indices
- Market statistics Consult the different market statistics of the Luxembourg Stock Exchange
- Official list A full list of securities listed on our two markets
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Instruments
- Instruments overview Get the full picture out what instruments you can list
- Bonds All debt securities including green or RMB bonds...
- Shares and GDRs Common stocks and global depository receipts
- Investment funds AIFs, RAIFs, ETFs and UCITS - all under one roof
- Warrants Option-like structured investment products
- Certificates Structured products with debt characteristics
- Short term papers Short term money market instruments
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Regulation
- The New Prospectus Regime On 21 July 2019, the new EU Prospectus Regulation, along with the new Luxembourg Prospectus Act, fully entered into force.
- MiFID II/MiFIR LuxSE has adjusted its internal framework to ensure that it complies with the new MiFID II/MiFIR framework, entering into force on January 2018.
- EU Regulatory Landscape High-level overview of ongoing and expected EU initiatives in 2021 on capital markets.
- Corporate governance LuxSE's ten principles that aim at ensuring the highest market standards through transparency, business ethics and controls.
- Regulatory Mapping Informative document describing issuers’ main disclosure obligations applicable under Union law.
- LuxSE Rules and Regulations Rules and regulations of the Luxembourg Stock Exchange
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Gateway to China
- Gateway to China overview Your access point to data and information on Chinese domestic bonds
- Bonds listed and traded on Chinese exchanges Your access point to data and information on Chinese domestic bonds listed and traded on Chinese exchanges
- Bonds traded on CIBM Your access point to data and information on Chinese domestic bonds traded on China Interbank Bond Market (CIBM)
- Chinese domestic index series Your access point to data and information on Chinese domestic index series
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LGX - Green exchange
- LGX - Green exchange overview Find out more about the leading platform for displaying green securities
- How to join LGX An easy process to join the Luxembourg Green Exchange
- The LGX DataHub Bring structured sustainability data into your investment decisions with the LGX DataHub’s data analytics features
- LGX Academy Discover how to expand your sustainable finance knowledge with expert lecturers at the LGX Academy
- LGX international securities Many different sustainable financial instruments are displayed on LGX, including bonds and funds
- Chinese domestic green securities Your access point to data and information on Chinese domestic green securities listed and traded on SSE or traded on CIBM
- Sustainability standards and labels Find out more about standards, frameworks, taxonomies and labels included in the LGX eligibility criteria
- LuxSE Guide to ESG Reporting Learn how to meet investor demand for ESG information
- LGX Solactive Green Bond Impact Index Get access to a selection of green bonds displayed on LGX
Sustainability-Linked Bonds
Finance your sustainability strategy, accelerate your transition and create visibility of your security by displaying your SLB on LGX.
Implement your ambitious sustainability strategy with SLBs
Sustainability-Linked Bonds (SLBs) are the latest addition to the universe of sustainable debt instruments and contribute to financing the issuer’s strategy towards achieving predefined sustainability objectives within a set timeline.
Unlike Green, Social and Sustainability Bonds, which are “Use-of-Proceeds” instruments, SLBs can be used to finance any corporate activity and their proceeds do not need to be allocated to specific projects. Yet, the issuer commits to reaching ambitious, science-based and measurable Sustainability Performance Targets (SPTs) around pre-determined KPIs, and to having these reviewed by an external party. A lot of the investor scrutiny around these products is placed at the level of the issuer’s strategy, namely the level of ambition and materiality of its SPTs/KPIs. Another core feature of SLBs is that the financial and/or structural characteristics of the bond can vary depending on whether the issuer achieves the predefined sustainability objectives. SLBs represent a source of financing for companies from any sector that set clear and ambitious science-based targets to become more sustainable.
Sustainability-Linked Bond issuers on LuxSE
Sustainability standards and labels
A number of different standards, frameworks, taxonomies and labels are included in the LGX eligibility criteria:
- Bond standards: ICMA’s Green Bond Principles (GBP), Social Bond Principles (SBP), Sustainability-Linked Bond Principles (SLBP) and Sustainability Bond Guidelines (SBG), the Climate Bonds Taxonomy, the People’s Bank of China Green Bond Endorsed Projects Catalogue and other frameworks.
- Fund labels: LuxFLAG’s Climate Finance, Environment, Social and ESG labels, FNG’s label for sustainable mutual funds, the Nordic Swan Ecolabel for funds, the French government’s SRI and TEEC labels and the Austrian ecolabel for financial products (Österreichisches Umweltzeichen).
More information on international standards related to sustainable securities is available here.
ICMA’s Sustainability-Linked Bonds Principles
In June 2020, the International Capital Market Association (ICMA) established its Sustainability-Linked Bond Principles (SLBP). The SLBP are voluntary guidelines that cover five core principles:
- Selection of Key Performance Indicators (KPIs)
- Calibration of Sustainability Performance Targets (SPTs)
- Bond characteristics
- Reporting
- Verification
SLB eligibility criteria for display on LGX
The LGX eligibility criteria are built on ICMA’s Sustainability-Linked Bond Principles and can be summarised as follows:
- Pre-issuance Second Party Opinion (SPO) covering the bond’s alignment with the 5 SLBP principles
- Appropriate post-issuance disclosure in case of any material change to the perimeter, KPI methodology and/or the Sustainability Performance Targets (SPT) calibration
- Inclusion of a financial and/or structural impact involving trigger event, depending on whether the selected KPI(s) reach (or not) the predefined SPT(s), in pre-issuance legal documentation
- Commitment to reporting - ideally on a yearly basis or (where the intrinsic nature of the KPI(s)/SPT(s) would not allow for such frequency) at least once prior to the trigger event - containing information in line with the recommendations of the SLBP
- Commitment to verification- ideally on a yearly basis or (where the intrinsic nature of the KPI(s)/SPT(s) would not allow for such frequency) at least once prior to the trigger event - in line with SLBP recommendations
Why list Sustainability-Linked Bonds on LuxSE
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Increase the visibility of your security
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Enhance your reputation as an issuer committed to the highest standards and levels of transparency
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Access a broad range of ESG and impact-conscious investors
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Rely on LuxSE’s leading expertise in sustainable finance
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Join the LGX community without any additional costs
If you need more information
Contact us
LuxSE Group
The LuxSE Group is composed of the Luxembourg Stock Exchange (LuxSE) the leading listing venue for international securities and Fundsquare, its wholly-owned subsidiary specialized in delivering to the fund industry an efficient and standardized infrastructure for the exchange of information.
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