There were 865 new listings on The International Stock Exchange (TISE) during 2018.
This represents an increase of 160 (22.7%) on 2017 and is the largest number of securities listed in a calendar year on the Exchange, headquartered in Guernsey, since the business was established in 1998. It took the total number of listed securities on TISE to 2,857 at the end of December 2018.
Fiona Le Poidevin, CEO of The International Stock Exchange Group (TISEG), said: "I'm delighted that in 2018 we were able to not only surpass the stellar achievements of 2017 but also, at the same time, set a new record for the largest number of securities listed in a single year."
During 2018, TISE played a role in an innovative Insurance Linked Securities (ILS) transaction when it became home to what is believed to the first-ever listing on a regulated exchange of notes digitised on a blockchain.
$4.1 billion of bonds were listed on TISE as part of the world's most expensive real estate transaction for a single building, The Center, which is Hong Kong's fifth-largest skyscraper, and a £3.5 billion debt issuance from sports betting and gaming giant GVC Group was the first listing on TISE to be sponsored by one of its Isle of Man-based member firms.
Mrs Le Poidevin said: "Last year was characterised by some very notable listings, further development of niche product areas, such as ILS, and further diversification in terms of the geographical origin of business, such as the Far East. We've also continued to see growing numbers of US and European companies choosing to list high yield bonds on TISE, and we have grown the number of UK tax resident Real Estate Investment Trusts listed on TISE to more than 25% of the total market."
TISE also introduced a new market segment, TISE GREEN, to enhance the visibility of those investments which make a positive impact on the environment, and updated the listing rules, in particular to appeal to Small and Medium Sized Enterprises (SMEs).
Mrs Le Poidevin added: "There were a number of significant developments at the Exchange during 2018 of which our team should be very proud. A particular focus for us during this year will be showcasing how both UK SMEs, as well as companies from our 'home' jurisdictions of Guernsey, Jersey and the Isle of Man, can potentially benefit from listing on TISE."
For more information about Guernsey's finance industry please visit www.weareguernsey.com.
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