As a new entrant to the South African listed debt market, the CTSE offers an efficient platform for medium and large businesses to issue listed debt through a straightforward listing process. The CTSE and the JSE are the only two exchanges in South Africa licensed to issue debt. Securities that can be listed on the debt market include preferential shares, debentures, bonds, notes, commercial paper and fixed or floating rate interest instruments.

Pallidus considers debt listings on the CTSE as a tremendous opportunity for medium and large corporates to address their funding needs. Pallidus can assist issuers by not only providing debt arranging services, but also issuer agent services, therefore “connecting capital” – this time connecting the issuer with the institutional market.

The City of Cape Town is recognized as a growth and innovation hub, also known as the technological capital of South Africa. As the CTSE is all about growth, technological development, and innovation it is suitably situated in Cape Town. The CTSE has adopted modern, scalable technology to reduce the cost of listing and trading and therefore increases the efficiencies for companies issuing equity and/or debt.

Listing on the CTSE amplifies a company’s ability to raise capital through the listing of both equity and debt on a single primary exchange.

Relative to traditional bank funding, the CTSE provides issuers a platform to access capital with less red tape and costs (due to a cost-effective and technologically advanced operating environment) whilst still ensuring proper governance.

Here at Pallidus, we are excited to bring this offering to the market and look forward to contributing in building a thriving South African debt capital market using the CTSE as platform.