The ongoing COVID-19 pandemic and the related restricting measures taken by governments worldwide which has put billions of people in confinement has rapidly driven our economies into global recession. The social and financial consequences of the outbreak represent a major challenge for governments, financial institutions and corporates which are currently struggling to find innovative solutions to face such situation.
In such a context, given that debt instruments dedicated to addressing the ramifications of COVID-19 are starting to emerge, the Luxembourg Stock Exchange (LuxSE) announced mid-April that it will waive the listing fee for social and sustainable debt instruments that are issued to address the consequences of the current COVID-19 pandemic.
LuxSE will apply this waiver until 30 September 2020 for all social and sustainability bonds that are clearly identified as COVID-19 response bonds in the relevant documentation and eligible for display on the Luxembourg Green Exchange (LGX).
It is interesting to note that LGX has welcomed several COVID-19 response bonds from different issuers representing approximately USD 4.3 billion in total.
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