Technical Update: Submission process for applications to London Stock Exchange's Sustainable Bond Market

As outlined in our technical update titled “Launch of the Sustainable Bond Market”, London Stock Exchange announced the launch of its expanded Sustainable Bond Market (SBM) in October 2019.
 
SBM offers dedicated segments for social and sustainability bonds, in addition to the existing green bond segments, that further enable investors to distinguish between different types of sustainable bonds based on independently verified frameworks and appropriate use of proceeds.

It also introduces a segment for bonds classified at issuer-level, allowing “pure play” businesses in the green economy to make their bonds visible to investors. Green Economy issuers on London Stock Exchange are currently allowed to display bonds on this segment based on their green revenues exceeding 90%.
For more information on the SBM platform please find a link to the SBM Factsheet here.

From 1 January 2020, it became a mandatory requirement to submit a completed SBM Declaration & Application Form, referencing the relevant SBM Terms and Conditions, for all applications in relation to eligible green, social, sustainability or issuer level bonds.
 
This form is in addition to the Form 1 and is intended to obtain information relating to the sustainable securities. This information was previously sent via email to the Admissions team and the introduction of the form allows this information to be captured in a more efficient way.

If you would like to discuss the SBM application process or find out more about the platform please visit www.lseg.com/sbm. Alternatively, please contact the team at bonds@lseg.com or call us on +44 (0)207 797 3921.

To keep updated with the latest Debt Capital Markets news, please register your interest at www.lseg.com/fixedincomeinterest.    


Fixed Income team
London Stock Exchange plc
E: bonds@lseg.com 
T: +44 (0)207 797 3921

Disclaimer: The Sustainable Bond Market (SBM) is not a distinct primary market operated by London Stock Exchange. It is a label applied across various segments of London Stock Exchange’s existing primary markets in order to promote visibility of sustainable debt finance instruments