The Cyprus Stock Exchange, a eurozone member exchange allows private or public companies domiciled in any jurisdiction to issue bonds and list them on the Emerging Companies Market of the Cyprus Stock Exchange (ECM).
The ECM is a Multilateral Trading Facility (MTF) as defined by the EU’s Markets for Financial Instruments Directive (MiFID) operated by an EU regulated stock exchange which the Cyprus Stock Exchange is.
The minimum amount of the bonds that can be listed on any eurozone stock exchange, including Cyprus is EUR 200.000 per listing.
The Bond Registry is maintained by the CSE in electronic format or the registry is maintained in UK’s CREST.
A Trustee will need to be appointed with a Trust agreement in place in order to protect the rights of bond holders.
The listing process takes 2-4 months to complete.
Companies interested to list their bonds on the ECM need to maintain a CSE approved Nominated Advisor (Nomad) to handle the listing procedures.
Eurivex is an approved and experienced Nomad. You may view the link from the Cyprus Stock Exchange at http://www.cse.com.cy/en-GB/non-regulated-market/nominated-advisors/nominated-advisor-details/?NomadId=26
All companies that have listed securities on the ECM are required to comply with a number of ongoing obligations. The Nomad will guide the company on its ongoing compliance with the ECM Rules. The key considerations to bear in mind are:
In the event of delisting, the CSE applies an additional fee of €10,000.