Our debt listing teams in the Cayman Islands and Ireland have extensive experience in listing a variety of structured finance and debt products including CLOs, CDOs, CLNs, loan instruments and other forms of asset backed securities on the Cayman Islands Stock Exchange (CSX) and the Irish Stock Exchange (ISE) respectively.
In Dublin we provide listing services through Maples and Calder, which was approved by the ISE as an authorised sponsor to provide listing services for specialist debt securities and investment funds, and Irish paying agency services through MaplesFS.
Through regular interaction with the ISE, our listing specialists have obtained a deep knowledge of ISE rules and procedures and can provide expert advice regarding the ISE listing process, the suitability of product particulars for listing on the ISE, pre-submission review of all listing documentation for Prospectus Directive requirements and, importantly, post-listing advice to ensure compliance with the continuing obligations of the ISE. Our particular expertise as an EU Listing co-ordinator on pan-European listings includes specialist advice on launching ETC platforms on the SETS, Xetra and equivalent trading platforms.
Our Cayman Islands office is registered as a listing agent with the CSX and advises on debt listings under both the "Specialist Debt Securities" and the "Eurobond" regimes. The UK Inland Revenue has designated the CSX as a "Recognised Stock Exchange" under Section 841 of the Income and Corporation Taxes Act 1988. This means that debt securities listed on the CSX can satisfy the "quoted eurobond exemption" which allows payments by a UK paying agent to be made gross without deduction of UK withholding tax.
In Luxembourg, our finance team is experienced in handling all types of capital market transactions both on the Luxembourg regulated market and on the alternative market (the Euro MTF) of the Luxembourg Stock Exchange, and in assisting investment firms or international corporate groups in listing debt instruments through public or private offerings.
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