Cayman Islands Stock Exchange: Listing Depositary receipts and Eurobonds

The CSX: ‘Listing @ its Best’
The CSX has also developed rules for depositary receipts and, more recently, in response to market demand, eurobonds. The eurobond rules cover ‘plain vanilla’ eurobonds, convertible debt securities, securities issued by supranational bodies and securities guaranteed by a company or a government. Issues of such products may have to be listed to meet the investment requirements of institutional investors. The listing requirements for depositary receipts are less demanding than those for shares because the market is dominated by sophisticated investors, primarily financial institutions, who are particularly knowledgeable in investment matters. Similarly, the listing requirements for eurobonds reflect the fact that the valuation of eurobonds is designed for issues of securities usually purchased and traded by limited numbers of sophisticated investors and is mainly influenced by interest rates and currency movement rather than issuer performance and expectations.	Eurobonds Not bound by European Union Directives No listing agent required Competitive costs Speed Streamlined facilities for eurobond programmes

The CSX: ‘Listing @ its Best’

The CSX has also developed rules for depositary receipts and, more recently, in response to market demand, eurobonds. The eurobond rules cover ‘plain vanilla’ eurobonds, convertible debt securities, securities issued by supranational bodies and securities guaranteed by a company or a government. Issues of such products may have to be listed to meet the investment requirements of institutional investors.

The listing requirements for depositary receipts are less demanding than those for shares because the market is dominated by sophisticated investors, primarily financial institutions, who are particularly knowledgeable in investment matters.

Similarly, the listing requirements for eurobonds reflect the fact that the valuation of eurobonds is designed for issues of securities usually purchased and traded by limited numbers of sophisticated investors and is mainly influenced by interest rates and currency movement rather than issuer performance and expectations.

Eurobonds

Not bound by European Union Directives
No listing agent required
Competitive costs
Speed
Streamlined facilities for eurobond programmes

Complete Brochure in PDF