Listing

Admission to trading and official listing In Denmark NASDAQ OMX offers a listing service for a variety of Fixed Income products.

In total more that 2.200 bonds are listed at NASDAQ OMX - Copenhagen. Mortgage bonds are the biggest category of listings with approximately 1.700 listings. A broad variety of issuers have listed bonds on our Copenhagen market including the Danish government and semi-public institutions, local banks, international investment banks, companies and multilateral institutions.

Learn more about the Danish fixed income market »

The main categories for the different types of bonds listed on the market in Copenhagen are:

Government bonds
Danish Government bonds are listed at NASDAQ OMX - Copenhagen. Trading is available in a specific retail submarket.

Mortgage bonds
The Danish mortgage market is unique in an international perspective. All Danish issuers of mortgage bonds list their bonds on our market.

Structured bonds
We offer two different listing opportunities for structured bonds. A retail listing including services target Danish retail investors including market making in the secondary market and an updated daily price feed for listed retail bonds. A whole-sale offering target professional investors demanding listing on a regulated market, but with no need for additional trading services. 

Corporate and other bonds
Instruments listed under the corporate and other bonds market segment consist of both Danish and international issuers of corporate bonds.

Effective listing process based on EU standards and best practice
We offer listings services based on international best practices and standards with the aim of giving our clients a fast, reliable and efficient service in the listing process. Furthermore you always communicate directly with department responsible for listing approval to ensure efficient and cost saving listing procedures.

Advantages of being listed 
NASDAQ OMX - Copenhagen is the centre for offering of Fixed Income related products in Denmark. We are an integrated part of the Danish financial infrastructure for Danish fixed income products given our offerings of listing and trading venues and provider of information services related to Danish fixed income products.

Thus listing of securities on our market gives a direct access to Danish financial markets with trading and data distribution service to all financial institutions in Denmark. In short a listing gives you the following advantages
- Listing on a regulated market fulfilling requirement from many institutional investors only allowed investing in listed securities. Similarly listing on a regulated exchange is applicable for approaching private Danish investors making individual investments made under the Danish Pension scheme. (Pensionsafkastningsbeskatningsloven).
- Trading in the secondary market with updated pre and post trade information in many securities
- Visibility through distribution of trading information vendors
- Official price quotes from a regulated exchange
- Updated best execution prices for settlement of retail off-exchange trades

Listing process
Bonds are listed in accordance with the Danish Securities Council Executive Order No. 1069 of 4 September 2007 on the Conditions for the Admission of Securities to Stock Exchange Listing and The Rules for Issuers at NASDAQ OMX - Copenhagen.
New issuers must sign the General Terms and Conditions for listing whereby the issuer undertakes to fulfill the disclosure requirements and other obligations laid upon issuers of listed securities as prescribed in the Consolidated Act on Securities Trading and the rules laid down by the Danish Securities Council and OMX Nordic Exchange Copenhagen.

Prospectus rules
Fixed income securities are admitted to trading based on an approved prospectus in accordance with the Commission Regulation (EC) No 809/2004 of 29 April 2004 implementing Directive 2003/71/EC of the European Parliament, and the Rules for Issuers on OMX Nordic Exchange Copenhagen.
Fixed income securities can either be admitted to trading on the basis of a stand alone prospectus or on the basis on a base prospectus and a set of final terms related to the specific issue of securities.
Issuers with a stand alone prospectus must submit a draft of the prospectus. The draft prospectus must be approved by the relevant FSA in the EC area and admission to trading must be approved by NASDAQ OMX - Copenhagen.
Issuers with an approved base prospectus must submit the base prospectus and a set of final terms related to the specific issue of securities to the exchange. In this case, NASDAQ OMX - Copenhagen reviews the final terms in order to make sure that the specifics of the securities in question are such that the securities can be admitted to trading and officially listed at NASDAQ OMX - Copenhagen.

Application for admission to trading
The following material should be send to NASDAQ OMX - Copenhagen when applying for admission to trading and official listing of a fixed income product:

• Draft prospectus (stand alone) or draft of basis prospectus and set of final terms (MTN programme)
• Time schedule for the listing process
• Completed basic data registration form (available under "Rules and Prices" in the top right side of this site). Alternative web-based registration on Fondsportalen.dk.

Contact Listing Surveillance Copenhagen:
Phone + 45 33 93 33 66
E-mail listing-group@nasdaqomx.com
Fax + 45 33 12 86 13

Ongoing listing requirements
Once listed the issuer must comply with a set of Disclosure Requirements in the Consolidated Act on Securities Trading etc. and part 3 (Disclosure rules) in Rules for Issuers of bonds at NASDAQ OMX - Copenhagen.