- 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
(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.
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About the Vienna Stock Exchange
The Vienna Stock Exchange is the only securities exchange in Austria. It features a modern infrastructure and supplies market data and relevant information. It guarantees the smooth and efficient execution of stock exchange trades and serves as an intermediary for all market participants. Wiener Börse AG also operates the Austrian power exchange EXAA and the CEGH Gas Exchange under the license of the Vienna Stock Exchange. Wiener Börse AG, together with its holding company, CEESEG, cooperates with 12 exchanges in Central and Eastern Europe and is globally recognized for its unique CEE know-how.
About the Third Market
The Third Market is operated by Wiener Börse AG as a multilateral trading facility (MTD). The Rules for the Operation of the Third Market apply. The requirements of the Stock Exchange Act regarding the formal admission of financial instruments to trading on a regulated market and the obligations of issuers on a regulated market do not apply to financial instruments traded on the Third Market. However, the provisions of the Market Abuse Regulation (Regulation (EU) No. 596/2014), the issuer obligations pursuant to § 48d para. 1 nos. 2 to 4 and § 82 para. 5 of the Stock Exchange Act, and the bans imposed by § 48c, § 48m and § 48n (insider trading, market abuse) of the Stock Exchange Act apply.