News Centre

FEAS Newsletter: October 2020

Date 14/10/2020

FSB Chair Updates G20 On Action To Harness Benefits From Financial Technology And Innovation

Date 14/10/2020

The Financial Stability Board (FSB) today published a letter from its Chair, Randal K. Quarles, to G20 Finance Ministers and Central Bank Governors ahead of their virtual meeting today.

Fourth Annual Absa-OMFIF Report Shows African Markets Face Extreme Test Of Resilience Due To Covid-19

Date 14/10/2020

Highlights:

• Average overall score dips to 51 out of 100 from 53 in 2019, partly due to slower market activity in the first half of 2020 and stricter scoring in some indicators.
• Countries perform best in ‘market transparency, tax and regulatory environment’, scoring 67 on average.
• South Africa and Mauritius maintain their lead in the index, scoring 89 and 79, respectively.
• Namibia tops ‘capacity of local investors’, while Mauritius retains its lead in ‘legality and enforceability of standard financial markets master agreements’.
• Green finance is gaining momentum, with Nigeria, Kenya and Egypt among countries that have issued sovereign green bonds in the past year. 

Nigerian Stock Exchange To Host Industry Leaders At Oil And Gas Sector Webinar

Date 14/10/2020

The Nigerian Stock Exchange (“NSE” or “The Exchange”) will host an Oil and Gas sector webinar on Tuesday, 20 October 2020.  

The Tel-Aviv Stock Exchange Launches A Specialized Innovative Digital Service - Exercise Of Employee Stock Options In Click - The Service Will Allow Public Companies With Employee Stock Option Plans To Carry Out A Digital, Secure And Quick Exercise Of Employee Stock Options

Date 14/10/2020

The Tel-Aviv Stock Exchange (TASE: TASE) announces the launch of a new specialized service that allows public companies with employee stock option plans to digitally exercise employee stock options. The service will be provided by TASE's Nominee Company and is designated for companies that are listed on TASE and registered with the Nominee Company. 

New CRM Puts Eurex At The Leading Edge

Date 14/10/2020

Oslo Bors: HydrogenPro Admitted To Trading

Date 14/10/2020

The cleantech company HydrogenPro has today been admitted to trading on Merkur Market (ticker code: HYPRO-ME).

BME Admits A €750 Million-Euro Convertible Contingent (CoCo) Bond To Trading From CaixaBank

Date 14/10/2020

BME today admitted to trading a Convertible Contingent (CoCo) bond issue from CaixaBank for 750 million euros. It is a perpetual debt issue with a first call date set in April 2028. The issue will have a fixed coupon until 2028 and from there onwards a variable rate linked to the 5-year Mid-Swap. Due to the strong oversubscription during the placement - higher than 4.1 billion euros - the initial interest rate has been lowered to 5.875%. This issue, which qualifies as additional Tier 1 capital (AT1), will allow the entity to strengthen its capital structure and increase the top-quality capital buffer.

DIFC Becomes Region’s First Fully Accredited Member Of Global Privacy Assembly

Date 14/10/2020

• Accreditation reflects DIFC’s commitment to keeping Dubai and DIFC at the forefront of privacy legislation, applying international best practice

London Stock Exchange Group Plc Publication Of Circular And Notice Of General Meeting

Date 14/10/2020

LSEG plc announced on 9 October 2020 that it had agreed to sell its entire shareholding in London Stock Exchange Group Holding Italia S.p.A. (“LSEG Italia”) to Euronext N.V. (the “Transaction”).  The Transaction constitutes a related party transaction for LSEG plc under the Listing Rules and is conditional upon, amongst other things, the approval of LSEG Shareholders.