- 2017 record-breaking year in number and volume of corporate bonds
- Wind Tre S.p.A. lists largest high-yield euro issue ever on Third Market (MTF)
- Italian and Irish corporates among the most frequent bond issuers on VSE
- Over 400 corporate bonds of around 200 companies trading in Vienna
(Vienna) 2017 is shaping up to be a record year in corporate bond listings on the Vienna Stock Exchange, both in terms of the number of issues and the outstanding volume of the new corporate bonds. The most recent listing was the AT&S hybrid bond with a total nominal value of EUR 175 million, which was successfully placed with institutional investors. This was the second bond to be issued by the Austrian semi-conductor manufacturer company on the Vienna Stock Exchange. At the beginning of November, the leading Italian mobile telephony company, Wind Tre S.p.A., selected the Vienna Stock Exchange as listing venue for its new issues consisting of fixed and variable-interest bonds in EUR and USD with an issuing volume of over EUR 7.3 billion. This was the largest high-yield bond transaction by a European firm in 2017. With a volume of EUR 5.6 billion, the euro tranche is also the largest high-yield issue ever floated in this currency.
“This has been an exceptional year in terms of bond listings on the Vienna Stock Exchange, as we’ve registered a total volume of more than EUR 12 billion, which is a 60% increase over the previous year. Significantly, over 90% of issuers are international corporates. Issuers tell us the fast admission to trading (within three days), a highly responsive team and efficient end-to-end processes have been swing factors when it came to choosing the listing venue. Moreover, the low listing cost seems to be making a significant difference, with some of our clients referring to it as “the cherry on the cake” of our offering,” said Christoph Boschan, CEO of Wiener Börse AG. “Vienna Stock Exchange has become one of the top bond listing venues in Europe and we’re consistently pursuing our strategy to further strengthen this position,” explained Boschan.
At present there are over 400 corporate bonds issued by around 200 companies on the Vienna SE in the various trading segments. The most frequent issuers are Italian and Irish companies. 71 corporate bonds with a first-ever total volume of over EUR 12.1 billion were added to trading on the Vienna Stock Exchange so far this year. These include 16 corporate bonds of domestic issuers (EUR 1.7 billion) and 55 corporate bonds of foreign issuers (EUR 11.1 billion).
About the Vienna Stock Exchange
The Vienna Stock Exchange is the only securities exchange in Austria. It features a modern infrastructure and supplies market data and relevant information. It offers Austrian companies maximum visibility, high liquidity and utmost transparency. Investors can rely on the smooth and efficient execution of exchange trades. The Vienna Stock Exchange operates a central market datafeed for Central and Eastern Europe (CEE) and is well established as an expert for the calculation of indices with a reference to the region. Wiener Börse AG, together with its holding company, CEESEG, cooperates with over ten exchanges in CEE and is globally recognized for this unique know-how.
Exclusion of Liability
This press release may contain certain forward-looking statements and forecasts that are based on assumptions current made at the time of publication of this press release. We do not assume any liability for these forward-looking statements materializing. Furthermore, we would like to explicitly point out that this press release cannot serve as a basis for investment decisions and may not be construed as a solicitation to buy or a recommendation to invest by Wiener Börse AG. No liability is assumed for the information given in this press release.
