Bonds | TISE

TISE is one of Europe’s leading stock exchanges for international bond listings

Responsive. Innovative.

We are a leading European stock exchange providing international capital markets participants with a high-quality product and service offering for the listing and trading of securities.

Fast turnaround

We provide a quick review of all listing applications via our TISE Express 24-hour fast-track service, TISE Guarantee (2+1) turnaround for CLOs and standard TISE Guarantee (3+1).

Competitive Fees

Attractive listing fees including one-off ‘lifetime’ payment solutions can save issuers significant sums on both listing & administration costs versus other European listing venues.

Proportionate regulation

A globally recognised stock exchange, including for the Quoted Eurobond Exemption, where UK and EU rules do not apply and listing requirements are streamlined.

Convertible Bonds

We are increasingly seen as the exchange of choice for listing convertible bonds because we a recognised stock exchange with a pragmatic admissions process which provides for speedy and cost-effective listings.


This is proving attractive to a growing number of companies from a wide variety of sectors, including aerospace, banking, construction, (renewable) energy, food retailing, mobile telecommunications and property. Brands which have listed convertibles on TISE include Aberdeen, Inmarsat, J Sainsbury, McClaren Racing and Vertical Aerospace.


Convertible bonds are classified as Specialist Debt Securities under our Listing Fees. Issuers may avail of our one-off ‘lifetime’ payment solution of £15,000.

Investment Grade Corporate Bonds

We are uniquely positioned to offer both a cost-effective and proportionate listing solution to corporate (bank and company) issuers of investment grade bonds.


Brands listing investment grade corporate bonds on our market include Blackstone, Canary Wharf Group, HSBC Continental Europe, Société Générale and Willis North America.


Such issuers may avail of our one-off ‘lifetime’ payment solution of £15,000.

Sovereign & Agency Bonds

Sovereign, local authority and public international body issuers should consult TISE at an early stage for information regarding our bespoke arrangements for such issuers.


The Crown Dependencies including the Bailiwick of Guernsey and the Isle of Man are listing bonds on TISE.


Sovereign, local authority and public international body issuers may avail of our one-off ‘lifetime’ payment solution of £15,000.

Hybrid Capital Securities

Hybrid capital securities play an important role in issuer capital management, combining features of debt and equity to support balance sheet optimisation and long-term funding objectives. They are widely issued by banks and insurers to satisfy Basel and Solvency II capital requirements, and by corporates seeking flexible capital solutions.


TISE has significant experience listing a broad range of hybrid capital instruments, helping issuers access capital markets efficiently while meeting regulatory and strategic capital objectives. These instruments include Additional Tier 1 (AT1) and Restricted Tier 1 (RT1) securities, perpetual securities, preference shares and capital notes.


Our Qualified Investor Bond Market (QIBM) provides a responsive and commercially focused listing environment, combining efficient execution with access to an internationally recognised stock exchange. Eligible ESG-focused hybrid securities may also be admitted to TISE Sustainable.

Structured Products

Structured products are an established feature of the international capital markets, enabling issuers to create securities linked to the performance of one or more underlying assets, indices or reference measures. Used across investment, financing and risk management strategies, they provide tailored solutions to meet a broad range of investment and funding objectives.


Our Qualified Investor Bond Market (QIBM) provides a flexible and commercially focused listing framework for structured products issued by banks, financial institutions, corporates and special purpose vehicles. It accommodates both public and privately placed transactions, including standalone issuances, established issuance programmes and repeat issuers. TISE lists a broad range of structured products across multiple asset classes, including products linked to equity, credit, interest rates and foreign exchange, as well as other bespoke structures.

Nordic Bonds

Nordic bonds have become an established source of funding for corporates, financial institutions and private equity-backed businesses, particularly within the Nordic high yield market. Renowned for flexible documentation, efficient execution and an active institutional investor base, they continue to attract issuers from across the Nordic region and international markets.


TISE has supported a growing number of Nordic bond issuances across a variety of sectors, providing a recognised listing venue that complements the established Nordic debt capital markets. The Qualified Investor Bond Market (QIBM) is well suited to both high yield and investment grade transactions, offering cost-effective listings, efficient admission and the flexibility to accommodate cross-border issuances and repeat issuance programmes.

How to List Bonds on TISE

The submission process

The procedure for listing comprises four stages

1. Satisfying Listing Conditions

Before an application to list a security is considered for submission to TISE, the appointed Listing Agent is required to vet the application against certain conditions for listing prescribed within the QIBM Listing Rules.

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2. Application for Listing

The applicant, through its appointed Listing Agent, must submit certain documents as required by the QIBM Listing Rules. Documentation requirements include a Listing Document (which can also take the form of an existing published prospectus, offering memorandum or equivalent document) together with supporting documentation such as accounts or certain material contracts (where applicable) as well as the TISE 1 Form & Listing Agent’s Declaration.

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3. Approval

All applications for listing will be processed by the team in our Listing Department. Once satisfied with an application they will submit a report, including their recommendations to TISE’s Listing and Membership Committee (LMC) for the LMC’s consideration.

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4. Listing

If the LMC approves the application, the Listing Document is then filed and the securities are admitted to the Official List. 

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Key reference points

The key points of reference for the listing process:

Appoint a Listing Agent 

A listing application must be made via one of our dedicated listing members

View our Listing Agents

Listing Rules 

We provide a dedicated all-inclusive rule book which sets out a proportionate disclosure regime for all bond products & structures

View our QIBM Listing Rules

Listing Fees 

We offer payment solutions that can save issuers significant sums on both listing & admin costs versus other European listing venues

View our QIBM Listing Fees

Continuing Obligations 

Post listing continuing obligations can be located at chapter 3 of the QIBM Listing Rules

View our QIBM Continuing Obligations

QIBM Market Data

2,600+

Issuers

40+

Countries

4,500+

Bonds

A comprehensive list of securities listed on our Qualified Investor Bond Market

QIBM Documents

Europe’s most comprehensive sustainable market segment, enabling the flow of capital into investments that promote environmental, social or sustainable activities.

Sustainable

Membership

Becoming a Member is simple. We serve international firms who benefit from being able to facilitate listing and trading on our market.

Membership

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