How to issue Retail Bonds

Listing and admission to trading

All securities admitted to trading on the ORB are London-listed securities admitted to our EU-regulated Main Market. This ensures a high level of regulatory oversight and offers the benefits of the transparency afforded by the disclosure and continuing obligations regimes.

In the UK, listing a bond is completed through a two-stage process:

Listing – admission to the UK Official List, managed by the UK Listing Authority (UKLA)

Admission to trading – admission to the London Stock Exchange’s markets managed via our Admissions Team.

Our Admissions Team require the following documentation before a bond can be admitted to trading on the Main Market:

• electronic copy of Prospectus/Pricing Supplement/Final Terms documentation
• copy of relevant Board Minutes
• copy of Regulated Information Service, e.g. RNS, announcement relating to the admission
• written confirmation of the number of securities to be issued
• completed Exchange Form 1

Requirements for the Order book for Retail Bonds:

• bonds must be set up for settlement in CREST
• must be tradeable in sizes of £10,000 or less
• bonds must be listed in London
• a market maker must commit to providing two-way prices throughout the trading day.

Admission Fees

Admission fees can be found here or alternatively the full fees brochure can be found under downloads.