Prime Standard for Corporate Bonds

Prime Standard for Corporate Bonds

The premium segment for raising debt capital

In the form of the Prime Standard for Corporate Bonds, Deutsche Börse offers large members of the Mittelstand and international corporations an avenue for raising debt capital through the exchange. The Prime Standard for Corporate Bonds is geared to recognised market leaders who seek to sharpen their international competitive edge and enhance their reputation by floating bonds.

There are two paths to accessing the Prime Standard for Corporate Bonds: via admission to the Regulated Market or by inclusion in the Open Market, Entry Standard. An application to participate in the segment has to be filed by both the issuer and by a bank or financial services institute. Conditions for participation and the various follow-up duties are set our in the General Terms and Conditions of Deutsche Börse AG for Participation in the Prime Standard for Corporate Bonds (Download, PDF, 265.62 kB).

Overview of content

Key participation conditions

  • National accounting standards (for issuers based in an EU member state) or International Financial Reporting Standards (IFRS)
  • Placed bond volume of at least EUR 100 million
  • Bond denomination in bond units of EUR 1,000 each
  • Submission of the following documents:
    • company key financial figures
    • company or bond rating, credit rating, summary of the rating report
    • brief company and bond profiles
    • calendar of company event
    • audited annual financial report of annual financial statements

The bond must be admitted to trading in the Regulated Market of FWB® the Frankfurt Stock Exchange or included in the Open Market, Entry Standard. Admission to the Regulated Market or inclusion in the Entry Standard requires submission of a valid security prospectus. No prospectus is required for participation itself. Valid security classes: bearer bonds. The securities must be eligible for clearing through Clearstream.

Exceptions are possible for issuers whose shares are included in the DAX® or MDAX® selection indices.