Many investors can only buy bonds that are listed on a Recognised Investment Exchange, such as the London Stock Exchange. As Europe's largest and the world's most international stock market, it is the Exchange's role to provide efficient and well-regulated markets for both bond issuers and investors. We also help ensure the issuing process is as quick and efficient as possible, working closely with the UK Listing Authority (UKLA), bond issuers and their advisers.

There are several steps in the process of issuing a bond, which all issuers must follow. Admission to listing and admission to trading are parallel processes, in which the Exchange and the UK Listing Authority (UKLA) work together with issuers and their advisers.

Issuers that choose to list their bonds in London range from states and their agencies to large corporate organisations.

Corporate issuers
Companies from around the globe, including some of the UK and the world's most successful and best-known businesses, choose London to list their bonds.

Governments and their agencies
The UK government is one of many national governments that list debt instruments on our market. There are also around 40 other sovereign issuers who have also chosen to list their debt securities in London.

Local authorities
State and regional governments across the UK and the world are among other public bodies that issue and list bonds in London.

Multilateral institutions
Supranational bodies, such as the European Bank for Reconstruction and Development, also offer their debt instruments to an international audience through a London listing.