The sovereign bonds have been listed on the exchange’s qualified investor bond market and admitted to its sustainable market segment, TISE sustainable.
TISE is headquartered in Guernsey and has offices in the Isle of Man and Jersey.
‘We are very pleased to list these bonds on TISE. We have been delighted by the strength of institutional demand for our debut issue of sustainable bonds,’ said Caldric Randall, chief financial officer at The Isle of Man Treasury.
‘This demonstrates that investors recognise the Isle of Man’s fiscal strength and, through our new sustainable financing framework, the government’s commitment to protecting and enhancing the environment in the Isle of Man as well as investing in the community for the long term.
‘I would like to thank the team at TISE for their responsiveness in ensuring a smooth and efficient listing.’
Anthony Byrne, head of bond markets at TISE, said the listing was another milestone in the ongoing growth of TISE as a major European market for professional bond issuances – including those supporting environmental, social and sustainable initiatives.
Carolyn Gelling, lead in the Isle of Man for TISE, said it was a pleasure to assist in an issuance intended to bring environmental, social and sustainable benefits to the Isle of Man.
‘With TISE having had a presence in the Isle of Man since 2017, we are extremely pleased to see this domestic sovereign bond list on TISE. This further demonstrates the ecosystem which has been built up in the Isle of Man around listings on TISE, which has brought a new revenue stream to the island from both local listings and those facilitated through local professional services firms,’ she added.