Maples Group Number 1 Listing Agent on the Cayman Islands Stock Exchange

12 February 2020, 05:19 AM

Business

Maples and Calder, the Maples Group's law firm, is pleased to announce that it has retained its position as the number one listing agent on the Cayman Islands Stock Exchange (the "CSX") having advised on 47% of all CSX’s listings in 2019.

The Group’s global listings team is an acknowledged leader in listing services with specialist teams based in its Dublin, Cayman Islands, Hong Kong, Jersey and London offices.

The Cayman Islands team impressively listed 62% of all BSL / MM CLOs listed on the CSX in 2019. The team, led by global head of finance Scott Macdonald, also advised on the first dual listing, with a Cayman Islands CLO issuer and a Delaware co-issuer listing three classes of notes on the CSX and three classes of notes on Euronext Dublin.

Commenting on the recently published results, Scott Macdonald said: "We are incredibly proud to be the number one listing agent on the CSX in 2019. We advised on a number of new and novel structures over the past twelve months and these statistics further cement our position as the market leading listing agent in the Cayman Islands."

He continued: "The Maples Group's unique ability to offer CSX listing services from multiple international locations offers clients a broad range of options suitable to their businesses in time zones convenient to them and this achievement would simply not have been possible if it were not for the very talented and committed lawyers and professionals on our global listings team and we look forward to another strong year in 2020."

There were 605 listings on the CSX in 2019 with the listing of specialist debt securities remaining the largest proportion of new listings, including CLO issuers, aircraft ABS and synthetic securitisations with the listing of PPNs remaining strong. A total of 54 CLO issuers listed on the CSX, comprising BSL / MM new issuances, refinancing and resets. This growth in new business reflects the CSX's ability to provide a proportionate regulatory environment for the streamlined and cost efficient listing of a wide range of securities for a variety of issuers and jurisdictions.