With over 36.000 listed bonds, in more than 50 countries worldwide and +1,600 active issuers the Vienna Stock Exchange is a trusted gateway for global debt listings, offering issuers efficient, cost-effective solutions backed by a globally recognized seal of integrity. As one of the fastest-growing listing venues worldwide, a listing with us enhances visibility and demonstrates adherence to international standards – an assurance valued by investors around the globe. With over 250 years of experience, we combine tradition and innovation to create opportunities across borders. Partner with Vienna Stock Exchange for a listing that speaks quality, confidence, and efficiency.
We operate two markets offering issuers increased visibility and tradability of their securities:
an EU-regulated market ("Amtlicher Handel")
an exchange-regulated multilateral trading facility ("Vienna MTF")
Overview of the main features of the listing segments
| Regulated Market | Vienna MTF | |
|---|---|---|
| Applicant | Issuer and a trading member of the exchange | Bank, investment firm, law firm or the issuer |
| EU Prospectus Regulation | applicable | not applicable |
| Minimum issue size | EUR 250,000 | no minimum required |
| Admission to listing | Vienna Stock Exchange is the competent authority for admission to listing and trading securities on the Regulated Market and the Vienna MTF | |
| Post-listing requirements |
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We have many years of listing experience in our team and our focus is always on providing a smooth listing process. Our growing number of international partners are particularly attracted to our flexibility in accommodating their needs and how we bring a "can do" attitude to life.
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Our listing experts look forward to helping you achieve your listing requirements with unmatched response times and a process you can trust.
A bond listing is the formal admission of a debt security to trading on an organised exchange market under a defined regulatory framework. When a bond is listed on the Vienna Stock Exchange – on either the Official Market or the Vienna MTF – it receives a recognised trading-venue status, a recorded position in the exchange's official register, and access to standard settlement infrastructure (Euroclear, Clearstream). This distinguishes a listed bond from an unlisted over-the-counter instrument by attaching it to mandatory disclosure obligations, investor-eligibility frameworks, and international tax recognitions. Under EU law, admission to a regulated market is governed by the EU Prospectus Regulation (2017/1129) and the Transparency Directive. Admission to Vienna MTF – an exchange-regulated multilateral trading facility – is governed by the Vienna MTF Rulebook, published by Wiener Börse AG and authorised by the Austrian Financial Market Authority (FMA). Both venues activate the EU Market Abuse Regulation (596/2014). For most cross-border transactions, listing also unlocks withholding-tax exemptions in the UK, Ireland, Italy and Hong Kong.
Listing a bond on the Vienna Stock Exchange provides access to multi-jurisdictional tax exemptions, regulated trading infrastructure, and institutional investor eligibility – starting from EUR 1,800 per ISIN on Vienna MTF.
For issuers, the principal regulatory advantages are:
- UK Quoted Eurobond Exemption – Vienna Stock Exchange recognised by HMRC under s.1005 Income Tax Act 2007 since 22 October 1970; Finance Act 2018 extended the exemption to Vienna MTF
- Irish exemption – Irish Revenue Commissioners confirm Vienna Stock Exchange and Vienna MTF are recognised under Section 64 Taxes Consolidation Act 1997
- Hong Kong – Wiener Börse AG on HK IRD recognised exchange list under s.16(2)(f) Inland Revenue Ordinance
- ECB collateral eligibility – Vienna MTF on the ECB's list of acceptable non-regulated markets (confirmed January 2026)
- UCITS Article 50 – Vienna MTF qualifies as an eligible market for UCITS funds
For investors, a listed bond provides a recognised trading venue, standard ISIN settlement infrastructure, and the governance framework of EU MAR 596/2014 — increasing confidence without imposing Transparency Directive financial reporting on the issuer.
Under MiFID II (Directive 2014/65/EU), a regulated market requires full state authorisation and triggers the EU Prospectus Regulation and Transparency Directive; an MTF operates under a lighter exchange-regulated framework.
| Official Market (regulated market) | Vienna MTF (exchange-regulated) | |
|---|---|---|
| Legal basis | Börsegesetz (Stock Exchange Act) | Rulebook Vienna MTF |
| EU prospectus regulation | Required | Not required (IM sufficient) |
| Transparency directive | Applies (annual/semi-annual reports) | Does not apply |
| Market abuse regulation | Applies | Applies |
| Listing particulars | Full EU-compliant prospectus | Information Memorandum (exemptions apply) |
| Admission authority | VSX + FMA oversight | VSX under FMA-authorised rulebook |
Vienna Stock Exchange operates both venues. The Official Market (Amtlicher Handel) is an EU-regulated market supervised by the FMA. Vienna MTF is a MiFID II multilateral trading facility operated under the Vienna MTF Rulebook. For most international bond transactions where regulated-market status is not required, Vienna MTF is the appropriate venue – it eliminates the NCA prospectus-approval process while retaining all key investor-access and tax recognitions.
A listing application on Vienna MTF can be submitted by the issuer directly, by an arranging bank, by external legal counsel, or by a debt advisory firm – no mandatory listing agent is required.
The Vienna MTF Rulebook provides that the application form must be signed by the submitting party. Where the application is submitted by a third party on behalf of the issuer, a signed letter of commitment confirming MAR compliance and acceptance of Vienna MTF Rulebook obligations must be included.
Eligible submitters:
- Issuer (direct submission)
- Arranger / lead manager bank
- External legal counsel
- Debt advisory firm
- Specialist listing agent
All admission documents are submitted electronically to bonds(a)wienerboerse.at. Corporate documents are accepted in any EU language. Issuers must obtain a valid LEI (Legal Entity Identifier) and an ISIN before submission. Issuers already listed on a regulated market or equivalent use a simplified process: application form, T&Cs and letter of commitment only.
Vienna MTF accepts bonds in any internationally traded currency and ISINs from Euroclear, Clearstream, IBERCLEAR or any other recognized CSD, with no minimum denomination requirement.
There is no EUR denomination requirement. Accepted currencies include EUR, USD, GBP, CHF, JPY, HKD, SEK and others. The absence of a minimum denomination threshold – unlike the EUR 100,000 per-unit floor appearing in certain EU Prospectus Regulation contexts – gives issuers complete flexibility in structuring their instruments.
Accepted ISIN sources:
- Euroclear Bank (BE-ISINs)
- Clearstream Banking Luxembourg (LU-ISINs)
- IBERCLEAR (ES-ISINs) – relevant for Spanish issuers and Fondos de Titulización
- Other recognised CSDs – contact the listing team to confirm settlement mechanics before submission
All issuers must obtain a Legal Entity Identifier (LEI) from a GLEIF-accredited provider before the listing is completed, as required by EU financial-market regulation. For issuers settling through local CSDs outside the EEA, the Vienna listing team (bonds(a)wienerboerse.at) should be consulted on settlement arrangements prior to submission.
Yes. The Vienna Stock Exchange and Vienna MTF are both recognised for this purpose by HMRC and the Irish Revenue Commissioners. The Quoted Eurobond Exemption allows bond interest to be paid without UK or Irish withholding tax:
- United Kingdom: The exemption is provided under Chapter 2, Part 15 of the Income Tax Act 2007 (s.1005). Vienna Stock Exchange has been an HMRC recognised stock exchange since 22 October 1970. The Finance Act 2018 extended the exemption to debt admitted to trading on an EEA MTF operated by an HMRC recognised stock exchange – a provision covering Vienna MTF directly.
- Ireland: Section 64 of the Taxes Consolidation Act 1997 provides the Irish equivalent. The Irish Revenue Commissioners have confirmed that the Vienna Stock Exchange, including all its markets and specifically Vienna MTF, is a recognised stock exchange for Section 64 TCA 1997 purposes.
In practice, issuers pay interest on Vienna-listed bonds gross to qualifying investors without deducting UK or Irish withholding tax. Standard conditions apply – the bond must be in Eurobond form and interest must be paid through a qualifying paying agent. Issuers should confirm the applicable mechanics with their tax advisors for their specific structure.
Vienna MTF is a MiFID II multilateral trading facility operated by Wiener Börse AG, authorised by the FMA, with over 36,000 active bonds from 1,600+ issuers across 57 countries as of September 2026.
Formerly the Third Market (Dritter Markt), Vienna MTF was established in 1992 and has grown into one of the most active exchange-regulated debt listing venues in Europe. The exchange set a new record in 2025 with over 31,400 new bonds listed.
Key statistics – Vienna MTF, November 2026:
- Active bonds listed: 36,000+
- Active issue volume: EUR 1,100 billion+
- Active issuers: 1,600+
- Issuer geographies: 50+ countries
- Instruments accepted: corporate bonds, sovereign/supranational, ABS, CLOs, MTN tranches, structured notes, ESG bonds, sukuk
- Trading system: Xetra® T7
- Settlement: Euroclear, Clearstream, IBERCLEAR
Issuers include major European and international financial institutions, multinational corporates, sovereign entities, and specialist SPV/repackaging vehicles. Geographies are strongest in CEE, Western Europe, and with growing activity from Latin America and Asia.
