Module 4 · Chapter 10

After Listing: Inside Information under MAR and the First Interest Payment

Once its bond is listed, an issuer must announce news that could move the price, and it pays interest through the clearing systems. This chapter shows both duties at work.

≈ 8 min read 8-question test

In this chapter

  • What inside information is, and when the rules on it start
  • Why the fire had to be announced at once, and where
  • How the first interest payment travels from the issuer to the holders

10.1Life after listing in one paragraph

The Notes are listed, and your firm stays on as Valkenrade’s counsel. Two duties now run until the Notes are repaid. Valkenrade must announce at once any news that could move their price. It must also pay interest every year, through the clearing systems, to holders it never meets.

Key point

After listing, price-moving news goes to the whole market at once. Interest reaches the holders through the clearing systems, never straight from the issuer.

Also in this chapter

  1. Inside information, and when the rules start
  2. The fire, and why Valkenrade could not wait
  3. Where the announcement goes, and the insider list
  4. Reports while the Notes are listed
  5. The first interest payment
  6. Your job

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