Tuesday October 1 2013

News Source: Global Exchanges

Focus: Other

Type: General




The Vienna Stock Exchange is enlarging its market for corporate bonds and will operate a new segment, “Corporates Prime”, as of 31st September 2013. This new premium segment for bonds is designed to enhance transparency, benefitting private investors in particular, as issuers agree to comply with more stringent reporting requirements. Furthermore, the new segment will only include bonds that meet certain criteria: the placement needs to be accompanied by a listing prospectus, the bond denomination cannot exceed EUR 10,000 and the minimum issuing volume is EUR 5 million.

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