Bank of England updates its eligibility criteria for the Corporate Bond Purchase Scheme

In a consolidated market notice published on 01 May 2020, the Bank of England (BoE) updated its Corporate Bond Purchase Scheme (CBPS) eligibility criteria to allow the BoE the discretion to include securities admitted to multilateral trading facilities operated by recognised stock exchanges regulated in the EEA.

This updated criteria provides a route for the BoE to include securities admitted to London Stock Exchange’s International Securities Market (ISM) in its CBPS. Securities admitted to London Stock Exchange’s Main Market are already eligible for inclusion in the CBPS, should they meet the relevant criteria.

To view the BoE market notice, the full eligibility criteria and the list of eligible securities for CBPS, click here.

About International Securities Market
London Stock Exchange’s ISM is an exchange regulated market for debt issuers. It provides issuers of securities targeted at professional investors with the benefits of London’s extensive experience as a global financial centre, whilst offering an efficient and tailored admission process pursuant to its innovative Rulebook. ISM operates under its own Rulebook, which contains tailored security specific disclosure and common derogations hardwired in the rules. The Rulebook also includes innovative and unique provisions, including incorporation by reference of routine financial disclosure or inside information as required to be made public under the Market Abuse Regulation. 

As of May 2020, ISM is home to over 160 securities from 58 issuers, raising in excess of £45bn across 16 currencies. For more information on ISM click here, or reach out via bonds@lseg.com or +44 (0)207 797 3921.
 
International Securities Market team
London Stock Exchange plc
E: bonds@lseg.com
T: +44 (0)207 797 3921

More recent

London Stock Exchange's Voluntary Carbon Markets solution – accelerating the availability of financing for projects supporting the low-carbon transition.

 The London Stock Exchange is developing a new market solution to accelerate the availability of financing for projects that will support a just transition to a low-carbon economy.  The goal is to address two major challenges: access to capital at scale for the development of new climate projects worldwide; and primary market access to a long-term supply of high-quality carbon cre

Learn more
A step towards the analysis of anything, by anyone, anywhere: The Oxford Nanopore IPO

Oxford Nanopore’s co-founder and CEO Dr Gordon Sanghera describes why the company’s IPO was both “timely and natural” and supports the company’s ambitious growth plans.

Learn more
Supporting issuers with ESG data

ESG data and disclosure: a new tool for issuers

The number and scale of investors demanding greater disclosure of ESG-related data and integrating ESG into their capital allocation decision making continues to gather pace around the world.

The BlackRock Global Client Sustainable Investing Survey[1] indicated that investors plan to

Learn more
London prepares for India’s highly anticipated Overseas Listing Policy

The landscape of IPO opportunities for ambitious, growth-hungry Indian companies is set to change dramatically once India’s forthcoming Direct Overseas Listing Policy is introduced.

This new policy will allow Indian incorporated companies to list on select overseas stock exchanges by issuing their common equity shares to overs

Learn more