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The Irish Stock Exchange’s (ISE) Global Exchange Market (GEM) has reached the milestone of over 8,000 debt securities listed, with the addition of nearly 2,500 new listings so far in 2015.
GEM has proven popular with issuers and arrangers from across Europe, the US, Asia and Latin America and has seen significant growth over the last two years in particular. According to issuers, they chose to list on the GEM because of its:
- Guaranteed review times which allow issuers and their advisors to meet their strict deadlines with absolute certainty.
- Seamless listing process.
- Competitive and transparent fees.
- Status as a ‘recognised market’ for the purpose of exemptions from withholding tax.
Since its launch in 2009 banks and corporates who have chosen to list their debt on GEM include Coca-Cola, Fannie Mae, Freddie Mac, Microsoft, Sky, HSBC, Barclays and Swedbank.
GEM is a recognised multilateral trading facility (MTF) under Europe’s Markets in Financial Instruments Directive (MiFID).
