The Leading International Listing Location for Bonds
With the Swiss Stock Exchange, you benefit from a debt capital market that is both large and truly international. Almost half of our listed bonds are issued by foreign issuers from around 40 jurisdictions across 5 continents.
Investors have a choice of around 2,000 listed bonds, around 1,500 bonds admitted to trading and a wide range of instruments, including straight bonds, floating-rate notes, convertibles, exchangeables, asset-backed securities and loan participation notes. What’s more, debt instruments can be listed and traded in all major currencies.
How to List a Bond
The Swiss Stock Exchange differentiates between "listing" and "admission to trading" for bonds.
- Listing occurs upon application by the issuer and must be submitted by a recognized representative. It involves certain obligations on the issuer.
- For bonds that are already listed on a recognized foreign exchange, there is the option of admission to trading, without having to go through the full listing process. The consent of the issuer is not required, and there are no obligations on the issuer.
Your bond is listed by using the web-based CONNEXOR listing application. This allows your bonds to enter into trading quickly and efficiently – provisional admission to trading can begin just three trading days from receipt of the electronic application. You then have two months to lodge your formal listing application, along with the required declarations and listing prospectus.
Admission to trading
Provisional admission to trading on the Swiss Stock Exchange also takes place using the web-based CONNEXOR listing application. In this case, your bond will be provisionally admitted to trading within three trading days of the application being submitted.
Deal Pool: Efficient. Standardized. Secure.
Deal Pool offers institutional investors and banks information about upcoming Swiss Franc bond offerings in a timely, standardized, convenient and traceable manner. Users can register for free in three simple steps, and will receive the same information at exactly the same time in a standardized format.
Developed in cooperation with the leading syndicate banks in Switzerland, Deal Pool illustrates how SIX fulfils its mandate of developing and operating infrastructure services for the Swiss financial center and Swiss banks to increase efficiency, quality and innovation.
Resources and Downloads
Sustainable investments are needed to transform the economy and to deliver on climate, environmental and social sustainability goals, including the Paris Agreement and more broadly the UN Sustainable Development Goals.
Bonds as a major asset class play an integral role to achieve such goals and the market for Green, Social, Sustainability or Sustainability-linked bonds is growing rapidly both due to bottom-up (i.e. investor demand) as well as top-down drivers (i.e. board-level request and legislation).
Since 2014, SIX has been a trading venue for Green bonds when the European Investment Bank listed the first Green bond on SIX. In 2019, Raiffeisen Schweiz followed with the first Sustainability bond and in fall 2020, Novartis listed the first Sustainability-linked bond on SIX.
To help strengthening sustainable investing, to give sustainable bonds higher visibility and to facilitate investors’ search, a special flag has been introduced in the Bond Explorer that allows to filter either for Green, Sustainability or Sustainability-linked Bonds.