Prime Standard for corporate bonds

Prime Standard for corporate bondsThe 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.

The Prime Standard for corporate bonds can be accessed via admission to the Regulated Market. 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.

Overview of content

Key follow-up participation obligations

Certain obligations apply according to the Market Abuse Regulation and the German Securities Trading Act. The responsible authority for monitoring compliance with those follow-up obligations is the German Federal Financial Supervisory Authority (BaFin). In addition, issuers in the Prime Standard for Corporate Bonds must fulfil the follow-up participation obligations set by Deutsche Börse AG as outlined below:

  • The annual financial statement and the management report resp. the annual financial report must be published and transmitted within four months of the end of the reporting period
  • The half-yearly financial statements and interim management report resp. the half-yearly financial report must be published and transmitted within three months of the end of the reporting period
  • Continuous updating and transmission of:
    • valid corporate or bond ratings
    • company and bond profiles
    • corporate calendar
  • At least one information event for bond investors and bond analysts per year
  • Follow-up participation obligations are to be fulfilled in English or in German
  • All reports and documents shall be transmitted to Deutsche Börse AG via the Exchange Reporting System (ERS®)