Bonds Listing

ΑΤΗΕΧ Group provides the following options to issuers of Corporate Bonds and Greek Government Bonds (GGBs):

  • listing on the Regulated Market or trading on the Alternative Market and, concurrently, trading, clearing, settlement and registration or
  • registration in dematerialized form with the electronic records kept at the Hellenic Central Securities Depository (HCSD).

The above services may be provided to both Greek and foreign issuers and pursuant to any law (for instance English law), always in compliance with European Directives and laws (e.g. Prospectus Directive).


Corporate Bonds - General Information


Corporate bonds issued by Societes Anonymes may be listed for trading on the Regulated Market or on the Alternative Market (EN.A.)

Local or foreign issuers operating under foreign law (i.e. English law) may list their bonds on ATHEX. The listing of all categories of corporate bonds is also supported:

  • common bonds
  • convertible bonds
  • exchangeable bonds
  • bonds with the right to participate in gains.

Currently on ATHEX there are corporate bonds traded not only on the Regulated Market, but also on the Alternative Market.

Corporate Bonds of Law 4548/2018


Corporate Bonds listing requirements and procedure

Bonds may either be listed on the Regulated Market or be admitted to trading on the ATHEX Alternative Market.
Please select the relevant market to view more information regarding the conditions and the procedure for listing/admission to trading, as well as the relevant supporting documents:


Regulatory Framework


Fees

A. Corporate Bonds

Initial Listing/Admission to trading

Regulated Market Alternative Market
ATHEX
Listing fee EUR 3,000 regardless of the issue amount Admission fee EUR 1,500 regardless of the issue amount
ATHEXCSD
Examination of the application file for the provision of the Initial Recording Service: € 1,000
Initial Recording of securities: € 3,000 per corporate bond and in addition:

a. 0.025% for nominal value up to € 40,000,000
b. 0.020% for nominal value from € 40,000,000.01 to € 100,000,000
c. 0.015% for nominal value from € 100,000,000.01 to € 150,000,000
d. 0.005% for nominal value over € 150,000,000.01

Maintainance of issuer data and securities: € 1,200 per year and in addition:

a. 0.0000% for nominal value up to € 40,000,000
b. 0.0020% for nominal value from € 40,000,000.01 to € 100,000,000
c. 0.0003% for nominal value from € 100,000,000.01 to € 200,000,000
d. 0.0002% for nominal value over € 200,000,000.01

Maximum: € 5,000 per year and per issuer

 

B. Government bonds and Greek Government Treasury Bills

Initial Listing

  • Listing fee EUR 1,500 regardless of the issue amount
  • DSS registration fees 0.04 % on the issue value.
     


Market Model
The main principles to which the "Fixed Income Securities" Market Model is subject are given next;
  • Bonds and other fixed income securities are traded under the ATHEX "Fixed Income Securities" category.
  • Trading is anonymous.
  • Trading is carried out on the Main Board following the "continuous trading" method, the Pre-Agreed Trading Board (for pre-agreed trading) and the Special Terms Board using Hit & Take.
  • The price increment for fixed income securities is fixed at 0.0001% of their face value.
  • Daily fluctuation limits are free for fixed income securities. 
  • The minimum trading unit for fixed income securities is equal to the unit.
  • The closing price is computed based on the calculation of the volume-weighted average of the trading price for the bond for the last 30 minutes of Continuous Trading Phase.
  • Trading clearing and settlement is performed at T+2.


Information

Click  here  to obtain information regarding trading on bonds listed on ATHEX.
Further, you can obtain information regarding trading on bonds listed on ATHEX in real time exclusively Data Vendors/Subvendors. To view the full list of Data Vendors/Subvendors click  here.

 

For more information, please click here

PRESS RELEASES - INFORMATION


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