Markets Equities SwissAtMid Swiss EBBO Sponsored Foreign Shares Bonds ETFs ETPs Mutual Funds Structured Products Products & Services The Swiss Stock Exchange Trading Markets Bonds A Truly International Bond Market Trade a Broad Spectrum of Swiss and International Bonds International Fixed-Income Trading The large bond market on the Swiss Stock Exchange is truly international. Issuers include sovereigns, supranational organizations, corporates and financial institutions, and approximately half of the 1,800 listed bonds were issued by foreign organizations from around 50 countries on five continents. The market covers a wide range of instruments, including straight bonds, floating-rate notes, convertibles/exchangeables, asset-backed securities, green bonds and loan participation notes. Debt instruments can be listed in all major world currencies. In addition, there are around 2,100 international bonds admitted to trading on the Swiss Stock Exchange. Bond Market You can trade a wealth of Bonds – Swiss and non-Swiss Franc – on the Swiss Stock Exchange. Check the Market Activity Your Benefits on the Swiss Stock Exchange An Expanding Universe A tradable universe covering a wide range of instruments. Multicurrency Offering Bonds in 16 currencies are traded on the Swiss Stock Exchange. International Issuers Trade bonds from almost every continent on the planet. 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. Find Out More Green and Sustainability Bonds The Swiss Stock Exchange has been a trading venue for green bonds since 2014 when the European Investment Bank (EIB) listed the first green bond with us, and in 2018 we started a partnership with the Climate Bonds Initiative (CBI). Find Out More About This Service The Bond Market on the Swiss Stock Exchange represents a large and international universe of fixed-income trading. Bonds - CHF are listed in Swiss Francs on the Swiss Stock Exchange, regardless of the type of issuer (domestic or foreign). Bonds - Non CHF are always issued in a foreign currency (i.e. not Swiss francs) and are either listed on a foreign exchange recognized by the Swiss Stock Exchange or listed on the exchange itself. Here you can find the latest information on the market via the Primary Debt Capital Market Report, as well as information regarding trading rules, products, fees and charges. Primary Debt Capital Market Report Trading Guides Product Guide Bond Market Fees & Charges Primary Debt Capital Market Report Our report provides quarterly statistics and charts concerning bonds listed on the Swiss Stock Exchange. The report contains information such as the number and volume of new bond listings, upcoming maturities, distribution of issuers (sectors and countries), average maturity and related interest rate and spread development. Read the Report Trading GuidesTrading Guides provide you with valuable information on the rules governing trading. The term Trading Guide encompasses product guides and other relevant informative material. Go to Trading Guides Product Guide – Bond Market Product Guides for individual trading segments contain the full range of trading provisions governing trading times, tick size, trading interruptions, reporting, and more. Download Product Guide Fees & Charges The list of Trading Charges fully describes all fees applicable to on-order-book trades as well as on-Exchange trades executed away from the order book. The List of Charges under Trading Rules applies to all participants, as well as persons who have submitted themselves to the rules and regulations of the Exchange Download List of Charges Partners & FAQAs a proactive partner, we bring Swiss and foreign companies together with well-capitalized, international investors in the Swiss financial center. We attach special importance to putting our extensive network of contacts to work for you. In keeping with this approach, we actively bring companies and investors together and encourage ongoing dialog. Partner Organizations FAQ Climate Bonds Initiative (CBI)40 Bermondsey Street London, SE1 3UD, UK T +44 7435 280 312 www.climatebonds.net International Capital Market Association (ICMA)Zurich Head Office Dreikönigstrasse 8 CH-8002 Zurich T +41 44 363 4222 www.icmagroup.org Swiss Financial Analysts Association (SFAA)Feldstrasse 80 CH-8180 Bülach T +41 44 872 35 40 E-mail: firstname.lastname@example.org www.sfaa.ch Are bond trades subject to Swiss stamp tax? The brokerage, purchase and sale of foreign bonds are exempt from stamp tax if the purchaser or seller is a foreign counterparty. Are trades in Bonds - Non CHF subject to the Exchange turnover fee? For information on Bonds - Non CHF fees, please see our corresponding Directive. Is there a duty to trade Bonds - Non CHF exclusively on-order book? No. Participants are not obliged (as they are in the case of cash market securities) to trade Bonds - Non CHF on the Exchange during trading hours. Are there specified round lots for Bonds - Non CHF? No. On the Swiss Stock Exchange, the minimum denomination of a given Bond - Non CHF is equal to the issue's smallest tradable unit on the Swiss Stock Exchange. For example, if the basic denomination of a Bond is USD 1,000, this is the smallest order size that can be executed on the Swiss Stock Exchange. An exception in this regard are bonds with differing initial and minimum denominations. In such securities, the round lot equals the initial denomination of the security. What are the trading hours for Bonds - Non CHF? Trading starts at 9.30 a.m. and ends at 5 p.m. Which bonds are admitted to trading on SIX Swiss Exchange, and what criteria do they have to meet? On the Swiss Stock Exchange, Bonds - Non CHF can be traded in several currencies. The criteria for admission to trading are defined in the Additional Rules for the Listing of Bonds. In order for a given Bond - Non CHF to be admitted to trading on the Swiss Stock Exchange, it must be listed on a recognized primary exchange, clearing and settlement must be effected via a recognized clearing organization , and it must be reasonably expected that there will be a proper market. How long does the admission procedure take? Indications of interest in admission of a Bond - Non CHF to trading received by the Swiss Stock Exchange no later than 2 p.m. can be processed the same day, and trading in the bond in question can start the next day. Who decides on the admission of bonds? The Swiss Stock Exchange selects bonds in accordance with the needs of market participants. However, the decision on whether or not to admit a given bond to trading lies with the Swiss Stock Exchange alone. Is additional hardware or software necessary for trading in Bonds - Non CHF? No.