The Vienna MTF is an excellent listing venue when debt issuers do not require a regulated market listing but still require a listing on a 'recognised stock exchange'. The Vienna MTF (formerly Third Market) is an MTF according to MiFID operated by Vienna Stock Exchange and authorised by the Austrian Financial Market Authority (FMA).

It is a platform designed to enable issuers to fulfil their listing requirements in the most efficient and cost-effective way. With its history tracing back to 1992, the Vienna MTF has become one of Europe’s leading debt listing venues.

At Vienna Stock Exchange, the admission to listing and trading is driven by one core value: We Make Things Simple. You will see this focus throughout the listing process.

Vienna MTF: Key characteristics

AgentsApplication process can be managed by the arranging bank, legal counsels or a listing agent
Submission timing 
  • Comments returned within two business days of initial submission
  • For revised drafts, usually allow one business day for review (if needed)
 
Documentation 
  • Submission of certain corporate documents and latest annual financial statement of issuers, if applicable
  • Information Memorandum complying with the rules of the Exchange or pre-existing prospectus/offering memorandum
 
Regulatory aspects 
  • ECB eligibility (acceptable non-regulated market for marketable assets)
  • Recognised for withholding tax exemptions
  • EU Prospectus Regulation not applicable
  • EU Transparency Directive not applicable
 
Ongoing obligations 
  • EU Market Abuse Regulation applies
 
Qualified Investor SegmentIssuers not targeting retail investors enjoy several benefits with regards to MiFID II, PRIIPs and the Prospectus Regulation
Vienna ESG SegmentHighly transparent segment dedicated for bonds meeting rigorous ESG criteria

Our listing experts look forward to helping you achieve your listing requirements with unmatched response times and a process you can trust.