The Bermuda Stock Exchange (BSX) offers global and domestic debt issuers a pragmatic, solutions-focused approach to listing from a unique position between Europe and the Americas.

 

Why List on the BSX

  • Recognised by HMRC and Irish Revenue under the "quoted Eurobond withholding tax exemption" allowing listed issuers to pay interest without deduction of withholding tax
  • Competitive fees
  • Experienced team 
  • Flexible approach
  • Guaranteed timelines

 

How to List

  • Compile and submit key listing documents (may be in draft form)
  • The BSX will review the application and if deemed fit and proper, provide approval in principle
  • Submit final documents to BSX
  • Approval and admission to listing

 

Key Listing Documents (see listing regulations for more details)

  • Letter of application
  • Offering/prospectus document and BSX wrapper if applicable
  • Constitutional documents
  • Relevant financial information (audited accounts if available)
  • Corporate resolutions
  • Relevant contracts
  • Directors' undertaking and KYC
  • Issuer's undertaking
  • Sponsor's undertaking

 

Fees (all fees quoted in US$)

Listing Fees for ILS from 1 April 2024

Fee calculator for ILS, Debt and CLOs (including discount option)

 

International Debt 

    INITIAL LISTING FEE ANNUAL LISTING FEE
Listing Fee Stand-alone note $3,000 $1,500
  Programme $3,000 $1,500
  Each programme class/note $600 $660
 Account service fee*     $300
 Premium application fee*   $1,500  

 

  • Comprehensive listing Fee - $12,500 *

  • 5% discount option for upfront payment to maturity date *

       *Please see Listing Fee Schedule for further information.

 

Domestic Debt

    INITIAL ANNUAL
Listing Fee Stand-alone note   $3,600   $4,500
  Programme $3,600 $4,500
  Each programme class/note $900 $990
Account service fee*   $300 $300

 

  • 5% discount option for upfront payment to maturity date *

       *Please see Listing Fee Schedule for further information.

 

Regulations and Guidelines

 

Forms

 

Templates

      The following templates are provided to assist issuers in making regulatory announcements

 

 


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