Crystal Palace FC and Hertz among bonds listed on International Stock Exchange

Tuesday 13 April 2021

A number of global brands have listed bonds on The International Stock Exchange in a record-breaking quarter of activity for the Guernsey-based organisation.

There were 225 newly listed securities on the exchange in the first quarter of 2021, more than any other first quarter since its inception in 1998.

It took the total number of listed securities on TISE to 3,235 at the end of March, up by more than 2.3% from the end of the previous quarter.

Cees Vermaas, CEO of The International Stock Exchange Group, said: “This is an impressive result. We had a strong 2020 and the momentum from the end of last year has continued into this year, despite the ongoing effects of the covid-19 pandemic and Brexit.

"This demonstrates the resilience of our business, but it also puts us in a good position from which we can step up the implementation of our updated strategy.”

During the first quarter, the new listings on TISE comprised six UK Real Estate Investment Trusts, including M&G Shared Ownership REIT PLC. This took the total number of REITs listed on TISE to 35 at the end of March. 

Bond listings in the first quarter have included 16 high yield bonds, including issuances from pan-European groups Altice (telecommunications) and Q-Park (parking), Scandinavian-based Assemblin (installation and service), Belgium-headquartered House HR (human resources), the British-American Carnival Corporation (cruise operator) and US-headquartered Hertz (car rental) and Diebold Nixdorf (technology). 

The total number of high yield bonds listed on TISE reached 299 at the end of March.

Other bonds listings on TISE during the first three months of 2021 have included Chinese-backed data centre provider Global Switch, the English Premier League’s Crystal Palace Football Club and Scottish-originated and now international footwear provider, Schuh. 

Mr Vermaas added: “As we can see from the number of international brands who are choosing to list on TISE, we already offer a responsive, innovative approach that is very attractive to clients. 

“We will be building on that through an improvement of our proposition with the aim of gaining market share as a leading European professional bond market. 

“This is just one of several initiatives which we will bring to market during this year through a refinement in operations and an investment in technology.”