Geographical reach 3,000+ issuers 72 Sovereigns 12 Supranationals Geographical distribution of issuers 40,000 listings 67% Bonds 18% Funds 14% Warrants 1% Shares/GDRs 100 countries 55 currencies 6 trillion EUR total issued amount 10,991 new listed securities in 2015 October 2016-1
Continuous innovation Investment Fund listing at LuxSE (Finance-Union) MBS listing in Europe (Freddie Mac) Chinese Sovereign Bond listing at LuxSE (PRoC) Dim Sum Bond listing in Europe (Volkswagen) Chinese Green bond listing in Europe (Bank of China) 1962 1983 1996 2011 2016 1953 1963 1986 2007 2014 Bond listing in USD (World Bank) Eurobond listing (Autostrade) Chinese listing at LuxSE (Bank of China) Green bond listing in Europe (EIB) Schengen Bond listing (Bank of China) October 2016-2
Issuers Listing in Luxembourg : A unique full service process not matched by any other security exchange Listed in Luxembourg : automatically implies admission to Trading October 2016-3
A choice of 2 markets 28 % Euro MTF Exchange Regulated Market Largest MTF in the EU 10,000 listings Approval by LuxSE Fast-track process Fast growing market since 2005 Listings by market Oct. 2016 72 % Bourse de Luxembourg EU Regulated Market European passport 30,000 listings Approval by CSSF* Long history since 1929 IFRS or equivalent *Luxembourg Regulator October 2016-4
RMB business (1/3) Stock & flow of Dim Sum bonds listed on LuxSE Source : LuxSE Dim Sum bonds listed outside Asia Source : Bloomberg, LuxSE & LSE 100 90 80 90 13% 70 60 59 16% 36% 50 46 40 30 20 10 9 27 22 40 18 23 31 43 35% 0 9 2011 2012 2013 2014 2015 09.2016 Stock of RMB denominated bonds at LuxSE Annual new listings at LuxSE Luxembourg London Dublin Others October 2016-5
RMB business (2/3) Critical mass of RMB denominated bond listings: 145 Dim Sum bonds listed since 2011 raising a total amount of CNY 68.4 bn LuxSE the international venue for raising capital in RMB: 42 issuers from 23 different jurisdictions October 2016-6
RMB business (3/3) Cooperation agreement with exchanges from greater China: MoU with major Chinese banks: Pending MoU: October 2016-7
High Yield bonds Leading European exchange for High Yield bonds Market share of 50% for European High Yield bonds exchange in Europe to offer a solution to list High Yield Bonds in 2006 One of the most traded types of securities on LuxSE October 2016-8
Case study - Company Acquisition bond issue M&A structured & set-up in Luxembourg HNA - swissport October 2016-9
Luxembourg & China A strong relation Examples of Chinese acquisitions in Europe through Luxembourg October 2016-10
Securitization on LuxSE (1/2) Listing 3,500+ ABS on LuxSE 650+ international issuers from 37 jurisdictions Large range of securitization products, e.g.: Mortgage-Backed securities Auto/Student/Consumer loans & leases Credit cards & trade receivables CDO (Collateralized Debt Obligation) Others (Champagne stocks, royalties ) Possibility to list Securitisation Vehicles (SVs) from Luxembourg of from other jurisdictions On one of LuxSE s markets: LuxSE market or Euro MTF market Stand-alone issues & ABS programmes for frequently issuers October 2016-11
Securitization on LuxSE (2/2) Aircraft leases Auto loans & leases Student loans also a solution for Chinese issuers MBS, credit cards & leasing receivables October 2016-12
Our vision Unlocking Green Capital October 2016-13
LGX video October 2016-14
Internationally recognised standards Alignment to the highest international standards: Project eligibility, selection, monitoring, reporting October 2016-15
Internationally recognised standards An application process following listing based on criteria aligned to the highest best practices for disclosure 1 2 3 4 Listing on a LuxSE market Ex-ante review Commitment to Expost reporting Display on LGX platform October 2016-16
World leader in the listing of green bonds First ever Green Bond issued and listed in 2007 (issuer: EIB) Out of the 114 Green Bonds listed on LuxSE, 105 worth USD 52.4 bn are displayed on LGX 25 issuers including all of the major issuers across the different segments October 2016-17
Main takeaways Solutions for international I. Issuers Visibility - Promotion Access to international investors Competitive pricing II. Asset Managers Supporting the launch & distribution of funds Listing on Euro MTF market Fundsquare platform IV. Investors High transparency Easy access to information Increased comfort III. Law firms, listing agents & banks Efficient & predictable listing process One-stop-shop for regulatory reporting Pre-listing advisory services October 2016-18
Contact & links ROBERT SCHARFE CEO rsc@bourse.lu JULIE BECKER Member of the Executive Committee jbe@bourse.lu www.bourse.lu luxembourg stock exchange @LuxembourgSE