CNSX starts listing structured products

CNSX Markets Inc. has begun listing structured products, with the addition of BAC Canada Finance Company 5 year Extendible Step Up Semi-Annual Pay Medium-Term Notes, Series 1.

“We believe that this new product represents the start of an exciting new debt market in Canada,” says Richard Carleton, interim CEO of CNSX Markets.

“Issuers will be able to take advantage of the cost effectiveness of the exchange’s listings process and retail investors will be able to benefit from the transparency of the exchange’s rules in trading these fixed income-based products.”

William Woods, managing director, listed market, CNSX suggests this is just the first such offering to be listed on the exchange.

“Structured products markets are growing rapidly on stock exchanges in America and Europe and CNSX plans to be Canada’s primary exchange for debt securities,” he says. “CNSX is the ideal exchange to list structured products, investment funds, and debt securities because it has a streamlined listing process, with product specific listing policies designed to facilitate medium term note programmes and other structured products, and the lowest listing fees in Canada.”

Stuart Investment Management Limited acted as agent on the offering of the Notes and will use its best efforts to initiate and ensure a secondary market is maintained for the Notes on CNSX.

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