This article provides a summary of Appleby listing agent services in the Channel Islands, and also offers an introduction to listing ESG and Green Bonds on The International Stock Exchange (TISE).
Appleby Securities (Channel Islands) Ltd ("Appleby") and TISE work together on a significant number of listings of debt securities on TISE.
Environmental, social and corporate governance ("ESG") is high on agendas, and the popularity of green finance has increased over the last few years.
The growth of green finance coincides with the increasing demand from investors who are looking to see a positive impact from investments they have made alongside traditional financial return.
TISE has a market segment for green investments, TISE GREEN, which provides enhanced visibility to bonds, funds and trading companies which are verified as making a positive environmental impact.
TISE GREEN has been established to enable those seeking investment into environmentally beneficial initiatives to highlight their green credentials while, at the same time, providing easier access for investors who are looking to allocate towards those investments which have been verified as meeting globally recognised standards in green finance.
Key features of TISE GREEN:
- Open to any type of green investment, including bonds, funds, investment vehicles and trading companies
- Open to issuers from any jurisdiction
- Both at the time of proposed entry and ongoing annually, the issuer must provide verification of the investment's green credentials by an appropriate third party against a globally recognised standard
- The investment must first be admitted to TISE's Official List before being eligible for entry to TISE GREEN
- Beyond the usual fees for listing on TISE's Official List, there is no additional charge for entry to, or an ongoing presence on, TISE GREEN
The process for listing ESG and Green Bonds follows the standard listing process with the additional benefit of enhancing the profile of the securities through the admission to the green segment of an internationally recognised stock market.
Whilst offering a "recognised stock exchange" by, amongst others, HMRC, TISE's robust but proportionate listing rules, combined with TISE's pragmatic and commercial approach to listings, often appeals to issuers from the United Kingdom, Europe, the United States and Asia.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.