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- 2016: Another record-breaking year in number and volume of corporate bonds
- Vienna gaining significance as a trading venue for international bonds
- Over 450 corporate bonds issued by 220 companies traded in Vienna
Admissions to trading of new corporate bonds have been surging at the Vienna Stock Exchange. Today is the first trading day for the ZIMA corporate bond 2016-2021 with a coupon of 4.25% and a total nominal value of EUR 15 million on the Third Market. It is the second bond of this Austrian real estate company to join the Vienna Stock Exchange. Last week the German pharmaceutical group BAYER selected the Vienna Stock Exchange as its sole marketplace for its EUR 4 billion corporate bond issue. This was the largest corporate bond issue ever on the Vienna Stock Exchange. The two bonds have denominations of 100,000 and are targeted at institutional investors.
“There are market phases for financing through equity capital and phases for debt capital. But this is not keeping companies away from the stock exchange. Even though there are fewer issues of new shares, bond issues are surging. The list of corporate bonds traded on the Vienna Stock Exchange has become a lot longer. Foreign corporate bonds in particular are currently in the lead on the Vienna Stock Exchange,” explained Christoph Boschan, CEO of Wiener Börse AG.
Presently, over 450 corporate bonds issued by around 220 companies are traded on the Vienna SE in the various trading segments. At the end of November 2016, 41 corporate bonds were traded with a total volume of EUR 7.1 billion - the highest volume ever on the Vienna Stock Exchange. These bonds include 21 corporate bonds of domestic issuers (EUR 1.41 bn) and 20 corporate bonds of foreign issuers (EUR 5.75 bn). The year 2016 will be another record-breaking year in terms of the number and volume of new corporate bonds. In the past year, 36 corporate bonds with an issuing volume of over EUR 5.3 billion were added to the quotation list of the Vienna Stock Exchange, whereof EUR 3 billion were foreign issues.
