Bond listings on Vienna Stock Exchange

The Vienna Stock Exchange, one of the oldest exchanges in the world allows private companies from most jurisdictions to issue and list their bonds on the MTF Market under simplified listing rules and conditions and at very reasonable rates.

The MTF Market of Vienna Stock Exchange is operated by the regulated Vienna Stock Exchange. It is also referred to as the Third Market.

  • Main advantages

    The main advantages for listing in MTF Markets are:

    • There is no need to submit prospectus. Listing is done by submission of Information Memorandum directly to the Vienna Stock Exchange.
    • A bond listing on an EU stock exchange allows the Issuer regulatory approval to sell the bonds and raise money from investors across the EU and beyond.
    • All kinds of major currencies possible.
    • There is no minimum volume rule.
    • Startups without prior history can list their bonds.
    • Listing is secured on average in 2-4 weeks.
    • There are no additional reporting requirements after listing.
    • Trading in the financial instruments is done via brokers.
  • TYPES OF BONDS
    The Vienna Stock Exchange allows for most types of bond listings including:
    • Traditional bonds with fixed coupon
    • Floating rates
    • Zero coupon bonds
    • Performance linked bond
  • SIMPLIFIED PROCEDURES

    An issuer would need an EU-based regulated investment firm (Eurivex Ltd. – eurivex.com) to act as the Investment firm signing the application in addition to completing the other documentation.

    Eurivex will prepare the Information Memorandum as well as Terms and Conditions of the bond issue and liaison with the Vienna Stock Exchange until the listing is secured.

    Issuers will need to provide a complete and detailed business plan as well as state in detail how the funds will be used, the purpose of the bond issue, future plans and any other information that will be required and needed by the authorities.

    Eurivex will also secure a Trustee for the bonds.

  • CLEARING & SETTLEMENT, TRADING

    The Issuer needs to furnish evidence that it meets the requirements to be eligible for trading pursuant to Exchange rules but has the choice of deciding the clearing system such as Euroclear, Clearstream Luxembourg, the UK’s CREST or other global clearing houses.

    Eurivex offers to setup the registry in CREST through UK Registrars.

  • TIME FRAME
    When all the documents in the correct form have been provided, it will take Eurivex 1-2 weeks to prepare and submit the first draft Information Memorandum to the Vienna Stock Exchange for review, secure the ISIN, complete the bond dematerialization and electronic delivery to registry and secure the final listing approval within 2-3 weeks.
  • COMPLETE PACKAGE

    Eurivex offers a complete package including the preparation of Information Memorandum, listing application to the Vienna Stock Exchange, securing of ISIN, bond registry dematerialization and delivery to registry, custodian for investors as well as acting as broker for trading in the bonds.

Disclaimer & Regulatory information
Eurivex Ltd is a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), License number 114/10. Company Reg. HE 255430. Headquartered and based in Cyprus, member of EU.

Risk warning: Investing in financial instruments and other derivatives involves a high degree of risk and may not be suitable to all investors. Trading in such financial instruments can result in both an increase and decrease in capital. If you invest through Eurivex Ltd, the value of investments may go down and your capital will be at risk. Eurivex Ltd operates a secondary market but there is no guarantee that all buy/sell orders will be completed at the desired prices and there is a risk that an order may not be completed in the Eurivex secondary market if there is no matching order. There is no guarantee that you will be able to exit early by selling your investment. Eurivex Ltd does not provide investment, tax or legal advice. If you are unsure about the suitability of an investment, you should speak to a financial adviser. Please refer to our Risk Warning available on our web site for further information.