Photo shows the Luxembourg Stock Exchange. Photo: LaLa La Photo/archives
The Luxembourg Stock Exchange (LuxSE) is to waive the listing fee for social and sustainable debt instruments issued to address the consequences of the current coronavirus pandemic.
In an announcement made on Wednesday, LuxSE said the fee suspension would apply until 30 September 2020. To qualify, bonds must be clearly identified as covid-19 response bonds and be eligible for display on the Luxembourg Green Exchange (LGX).
“By waiving the listing fee, we support issuers that turn to capital markets to raise the funding needed to deal with the enormous impact of the covid-19 pandemic that has paralysed the world. This is our contribution to the major joint efforts that now are needed to bring countries and markets back on track,” LuxSE CEO Robert Scharfe said in a statement.
According to LuxSE, debt instruments dedicated to addressing the ramifications of covid-19 are starting to emerge, with approximately USD 4.3 billion in total in response bonds already welcomed at its sustainable finance platform, the LGX, in the past week.