For a company, listing on a stock exchange means entering a new stage of corporate development in which the company offers a new product - the company's bonds - on its shelf.
However, the nature of the information that could affect the price of bonds is quite different from the nature of the information that could affect the price of shares, and therefore the scope of the reporting obligations is different. The information that will be relevant to bondholders will mainly be information that affects the ability of the company to fulfil its obligations under the bonds (e.g. loans received, guarantees, early redemption of bonds, corporate reorganisations, mergers, demergers, etc.).
In addition to ad hoc information, listed companies are required to publish periodic financial reports (annual, half-yearly).
One of the exceptions to these obligations applies to companies which only have listed bonds with a nominal value of at least EUR 100,000.00 per bond.
The same exemption applies to companies which have only commercial papers listed on a stock exchange.
However, the nature of the information that could affect the price of bonds is quite different from the nature of the information that could affect the price of shares, and therefore the scope of the reporting obligations is different. The information that will be relevant to bondholders will mainly be information that affects the ability of the company to fulfil its obligations under the bonds (e.g. loans received, guarantees, early redemption of bonds, corporate reorganisations, mergers, demergers, etc.).
In addition to ad hoc information, listed companies are required to publish periodic financial reports (annual, half-yearly).
One of the exceptions to these obligations applies to companies which only have listed bonds with a nominal value of at least EUR 100,000.00 per bond.
The same exemption applies to companies which have only commercial papers listed on a stock exchange.
Place of Publication
The stock exchange enables companies to fulfill all their obligations regarding the appropriate public publication of the required information in one place and in an easy way, so that with one entry in the SEO system, companies fulfill all 3 obligations regarding public publication, namely:
- public announcement on SEOnet,
- submission of information to the officially appointed mechanism - INFO HRAMBA,
- notification of the Securities Market Agency on all published information.
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