Contributed By Walkers
There are certain eligibility requirements for setting up a debt issuance programme in Ireland. For example, the Euronext Rules provide that the application for a debt listing programme must cover the maximum amount of securities which may be in issue and listed at any one time under the programme. If Euronext Dublin approves the application, it will admit to listing all securities which may be issued under the programme within 12 months after the approval of the prospectus by the competent authority (or other period as agreed with Euronext Dublin), subject to Euronext Dublin:
(a) being advised of the final terms of each issue;
(b) receiving any supplementary prospectus for approval by the CBI;
(c) receiving confirmation that the securities in question have been issued; and
(d) receiving any listing fees payable.
The application for admission to listing need not be submitted for issues made after the first issue in any 12-month period after approval by the competent authority of the prospectus.
A broadly similar requirement applies in respect of GEM listed debt-issuance programmes.