Luxembourg is a very active jurisdiction for high yield debt securities transactions but does not have its own market. Rather, it is typically a go-to jurisdiction for foreign groups to structure their financing special purpose entities. Luxembourg's business friendly environment makes it one of the most successful jurisdictions and financial centres in the EU and the world. That is also true for high yield debt securities issuances.
The Luxembourg Stock Exchange is the leading venue in Europe for the listing of high yield debt securities and very often high yield debt securities issued by Luxembourg and foreign issuers will be listed on the Luxembourg Stock Exchange and admitted to trading on one of its markets.
Click here to read our full contribution.