Guide

Listing Eurobonds on the International Stock Exchange

In order to qualify as a 'quoted Eurobond' and, as a consequence, enable the issuer to pay interest without deduction of UK income tax, securities have to meet the conditions set out in section 987 of the Income Tax Act 2007 (the ITA); ie 'quoted Eurobond' means a security, including a share that: (i) is issued by a company; (ii) is listed on a recognised stock exchange; and (iii) carries a right to interest.

The International Stock Exchange (the Exchange) has been designated by Her Majesty's Revenue and Customs (HMRC) as a recognised stock exchange under section 1005 of the ITA.

This guide contains a summary of the main requirements for the admission of quoted Eurobonds by private issuers to a primary listing on the Exchange.