More than 400 securities were listed on the Channel Islands Securities Exchange (CISE) during 2015, an increase of 8% compared with 2014. Investment funds, Real Estate Investment Trusts (REITs), and convertible bonds were among the 423 securities listed last year, taking the total number of listings to 2,173. During the period, the market capitalisation of the CISE increased by £61.6bn ($87.9bn, €80.7bn), equating to growth of 21%. REIT growth
Fiona Le Poidevin, chief executive of CISE, said: “We’ve seen a wide range of new listings, including both open and closed ended funds; but notable growth areas have been REITs, where already we have a number of further applications for listing in the coming weeks; and also convertible bonds, where we expect to see a further pipeline of business in 2016.”
China Cinda Finance (2014) II last year became the first issuer to be listed on the CISE whose ultimate parent company is domiciled in China.
“2015 was extremely busy not just with new listings but also other developments. [We] updated our systems, rebranded, made changes to our rules for listing debt, started a review of our rules for listing investment vehicles, and introduced new rules for Special Purpose Acquisition Companies (SPACs),” said Le Poidevin.
“We’ve seen a wide range of new listings, including both open and closed ended funds; but notable growth areas have been REITs [and convertible bonds].”
[Source: International Adviser - January 20, 2016 - Kirsten Hastings]