It took the total number of listed securities on TISE to 2,857 at the end of December 2018.
During 2018, TISE played a role in an innovative Insurance Linked Securities (ILS) transaction when it became home to what is believed to be the first ever listing on a regulated exchange of notes digitised on a blockchain; US$4.1 billion of bonds were listed on TISE as part of the world’s most expensive real estate transaction for a single building, The Center, which is Hong Kong’s fifth largest skyscraper; and a £3.5 billion debt issuance from sports betting and gaming giant GVC Group was the first listing on TISE to be sponsored by one of its Isle of Man based member firms.
Mrs Le Poidevin said: “Last year was characterised by some very notable listings, further development of niche product areas, such as ILS, and further diversification in terms of the geographical origin of business, such as the Far East. We’ve also continued to see growing numbers of US and European companies choosing to list high yield bonds on TISE and we have grown the number of UK tax resident Real Estate Investment Trusts listed on TISE to more than 25% of the total market.
A number of firms joined as Listing Members of the Exchange during 2018, including ILS specialist Solidum Re (Guernsey) ICC Limited, Isle of Man-based FIM Capital, and, in Jersey, Intertrust Securities, as well as Maples and Calder.
In the second half of the year, TISE introduced a new market segment, TISE GREEN, to enhance the visibility of those investments which make a positive impact on the environment and updated the Listing Rules, in particular to appeal to Small and Medium Sized Enterprises (SMEs).