The Warsaw Stock Exchange has revealed plans to launch WSE CATALYST, a new market for issuing and trading debt securities in Poland, by the end of this month.
CATALYST will be a retail-wholesale market for corporate and municipal bonds that can be accessed by qualified and individual investors via banks and investment companies. According to the WSE, CATALYST will facilitate and optimise corporate and municipal bonds issuance, providing a financing tool for corporations and local governments.
Issuance mechanisms and procedures for registering debt securities with the WSE will be available from September 30.
Before the end of this year, WSE and its BondSpot debt securities market and trading system (formerly MTS CeTO) will launch alternative trading systems for secondary trading of CATALYST securities. The regulation of these new systems will be similar to that of WSE’s NewConnect alternative trading and listing system for start-up companies.