Securities listed on Irish Stock Exchange grow to over 35,600

  • Green bonds, sovereigns, banks and multinationals among 2,886 new bond listings
  • ISE hosts largest IPO in Europe with AIB flotation raising €3bn for the State
  • Equity turnover increases by 4.1% while ISEQ up 4.8% year to date
  • NTMA raises €3.7bn through Irish Government bonds and Treasury bills
  • Exemption from stamp duty for Irish ESM companies commenced on 5 June

Number of securities listed grows to over 35,600

Quarterly statistics released by the Irish Stock Exchange (ISE) today show the exchange’s total listings grew in Q2 2017 to 35,604 securities and represent over 4,000 issuers from more than 85 countries around the globe.

Green bonds, sovereigns, banks and multinationals among 2,886 new bond listings

Among the 2,886 new bond listings (Q1: 2,076) attracted to the ISE’s Main Securities Market (MSM) and Global Exchange Market (GEM) were green bonds, sovereigns, banks and multinationals including:

  • China Three Gorges Corporation, the manager of the largest hydropower project in the world which listed a €650m green bond
  • Celeo Redes Operación Chile, which provides energy services in Chile and raised $379m in a green bond issuance
  • FCC Aqualia, Europe’s third and the world’s sixth largest water company issued two bonds totaling €1.35bn and Societá Metropolitana Acque Torino, a water resource services provider based in Italy which listed a €135m bond
  • The Kingdom of Saudi Arabia’s which listed the world's largest ever sukuk issuance through two listings on the MSM raising US$9 billion
  • Turkey based, Aktif Bank, which was the issuer behind the first sukuk listing on the ISE’s GEM; Portuguese bank, Caixa Económica Montepio Geral, which listed a €500m bond while Al Ahli Bank Of Kuwait, which delivers retail and commercial services in the Middle East raised $500m
  • Colfax Corporation, the NYSE-listed manufacturing and industrial company listed a €350m bond.

New funds from LGT, PIMCO, UBS, PGIM, Barings and Neuberger Berman

During the quarter the ISE attracted 221 new fund classes (Q1: 212) and had 5,541 fund securities listed at the end of the Q2 2017 (end 2016: 5,980). These included new funds from LGT, PIMCO, UBS, PGIM, Barings and Neuberger Berman.

ISE hosts largest IPO in Europe with AIB flotation raising €3bn for the State

In June, Allied Irish Banks plc (AIB), Ireland’s largest bank, was admitted to primary listing on the MSM, in what is the largest IPO in Europe (and EMEA) this year. AIB’s listing follows the sale of a c. 25% stake in the group by the Minister for Finance of Ireland, raising c. €3bn for the State from Irish and international investors. AIB is also dual-listed in London. Statistics show that, since IPO, trading in AIB shares has been concentrated on the ISE, with 95% of trading to the end of Q2 executed in Dublin.

Ryanair, Origin Enterprises and First Derivatives celebrate milestone anniversaries

During Q2, Ryanair, Europe’s leading airline, celebrated 20 years on the MSM while Origin Enterprises, the agri-services group and First Derivatives, which provides products and services to some of the world’s largest finance, technology and energy institutions, both enjoyed 10 years on the Enterprise Securities Market (ESM).

Equity turnover increases by 4.1% while ISEQ up 4.8% year to date

Turnover in equities and the ISEQ 20 ETF rose significantly in Q2 bringing the total to €50.8bn year to date an increase of 4.1% compared to the same period in 2016. Following a 2.5% positive performance in Q2, the ISEQ Overall index was up 4.8% in the half year to June 2017. The ISEQ General index increased by 5.3% while the ESM and ISEQ 20 indices rose by 11.2% and 5.8% respectively in the same period.

NTMA raises €3.7bn through Irish Government bonds and Treasury bills

The NTMA raised €3.7bn in Q2 bringing the total funds raised through the issuance of Irish Government bonds and Treasury bills to €11bn in 2017. Turnover in Irish Government securities was €92.1bn for the six months to June 2017 (H1 2016: €123.1bn). Market capitalisation rose by 5.5% to €125.7bn (end 2016: €119.1bn).

Other highlights

  • The ISE launched #IPOready 2017-2018. Supported by Enterprise Ireland and the Ireland Strategic Investment Fund (ISIF), the ISE’s second leadership programme in accessing strategic finance attracts a range of applications from across Ireland and is oversubscribed. It commences in September 2017.
  • The exemption from stamp duty for Irish companies trading on the ESM took effect on 5 June. This measure introduced by Michael Noonan TD, Minister for Finance, exempts individuals and pension funds from 1% stamp duty when investing in shares of ESM companies.
  • The Irish Stock Exchange was the top ranking Irish SME workplace in Europe at the Great Place to Work European Awards 2017. This follows the ISE’s #2 placing at the Irish awards in February.

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Ailish Byrne, Head of Public Affairs and Communications at the Irish Stock Exchange, Dublin

Ailish Byrne

+353 1 6174266

ailish.byrne@ise.ie