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Maples Group maintains number one listing agent status on CSX

Business 14 Feb, 2020 Follow News

Scott Macdonald, Maples and Calder Head of Finance for Cayman Islands Team (Photo Courtesy Maples Group)

The number one listing agent on the Cayman Islands Stock Exchange (CSX) continues to hold its crown.

The law firm Maples and Calder advised a hefty 47 % of all CSX’s listings in 2019, confirming again its top status as industry leader for the Maples Group---a global resource for comprehensive legal services and independent provider of a wide spectrum of fiduciary and management services.

Scott Macdonald is the head of finance leading the local listing agent team.

“We advised on a number of new and novel structures over the past twelve months and these statistics further cement our position as the leading listing agent in the Cayman Islands,” said Macdonald.

The group’s global listings leaders includes stand-out stellar specialists based out of Dublin, Cayman Islands, Hong Kong, Jersey, and London offices.

The Cayman Islands team 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. They also listed 62% of all BSL / MMO CLOs listed on the CSX in 2019.

“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,” said Macdonald.

“This achievement would not have been possible if it were not for the 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," Maples Group said in the statement reflecting its confidence in the Cayman Islands stock exchange.

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