Maples and Calder, the Maples Group’s law firm, has maintained its position as the number one listing agent on the Cayman Islands Stock Exchange (CSX) having advised on 53 per cent of all CSX listings in 2020.
Despite the economic impacts of Covid-19 in 2020, the number of listings the firm’s Cayman Islands listing team managed increased by 6 per cent, and impressively the team listed 54% of all BSL / MM CLOs listed on the CSX.
In 2020, 505 listings were recorded on the CSX with specialist debt securities, including CLOs, representing the largest proportion of new listings. 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. These figures reinforce the CSX’s position as a leading platform for CLOs with a recorded total of 57 CLO issuers listed (an increase from 54 in 2019), comprising BSL/MM new issuances, refinancing and resets.
Scott Macdonald, partner and global head of finance, says: “We are incredibly proud to be the number one listing agent on the CSX for 2020. Throughout 2020, we continued to demonstrate our capabilities as the go-to Cayman Islands listing agent with the expertise and abilities to provide innovative, novel and responsive services and solutions.”
The Group’s global listings team is an acknowledged leader in listing services with specialist teams based in its Cayman Islands, Dublin, Hong Kong, Jersey, London and Luxembourg offices.
