A flexible listing solution for specialist debt securities

The Global Professional Segment (GPS) is a dedicated segment of Euronext Dublin's Global Exchange Market (GEM), the leading Multilateral Trading Facility (MTF) in Europe.

GPS provides a listing framework for bespoke debt instruments, structured transactions and securities with commercially sensitive features. No prospectus is required, and listing documents are not published by Euronext Dublin.

Contact our listing experts 
Download the GPS brochure

Why choose the Global Professional Segment?

No prospectus required

Admission to GPS does not require a prospectus.

Streamlined admission

No prior written approval of listing particulars by Euronext.

Built for specialist debt

A tailored listing framework for specialist and bespoke debt securities.

Protection of sensitive information

Listing documents are not published or made available by Euronext Dublin.

What can be listed on GPS?

GPS is designed for bespoke debt instruments, structured transactions, securities with commercially sensitive features and securities aimed at professional investors. Examples include:
  • Structured notes
  • Receivables-backed transactions
  • Warehousing transactions
  • Private debt structures
  • Special purpose vehicle (SPV) issuances
Eligibility is assessed by Euronext Dublin based on the characteristics of the security and the applicable GPS requirements.

How GPS differs from a standard listing

GPS is intended for securities aimed at professional investors, such as regulated financial institutions, investment firms, insurance companies, pension funds and other institutional investors.

Because the segment is aimed at this audience, Euronext Dublin does not publish or make available the listing documents for securities admitted to GPS. Instead, the issuer provides a contact point where eligible and prospective investors request the terms and conditions of the securities from the issuer.

This allows transactions involving commercially sensitive terms to be listed without those terms being made public, while eligible investors retain access to the information they need.

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The GPS admission process

1. Prepare

Complete the GPS application form (Part A and Part B), and gather the required transaction information and supporting materials. Where a prospectus has already been produced, it can be submitted in place of Part B.

2. Submit

Submit the application together with the terms and conditions of the securities and all required supporting documentation.

3. Review and admission

Euronext Dublin reviews the application and may request additional information where required. Once the review is completed, admission to listing and trading can be granted.

Timing

Applications and accompanying documentation must be submitted at least three business days before the intended listing date.

 

Fees

The GEM fee schedule applies to securities admitted to GPS. Discounted fees are available for warehousing transactions.

View the GEM fee schedule

GPS and the Global Exchange Market

GPS is a segment of the Global Exchange Market (GEM), Euronext Dublin’s Multilateral Trading Facility for debt securities. Securities admitted to GPS are listed within the GEM framework.

Find out more about GEM

Why list debt securities on Euronext Dublin?

Euronext Dublin is recognised internationally as a leading venue for debt listings, serving issuers from across the world. Through GPS, issuers can benefit from:

  • An internationally recognised listing venue
  • Deep expertise in debt capital markets
  • Efficient admission procedures
  • Access to professional investors
  • A flexible framework for specialist transactions
  • The strength and reputation of the Euronext network

Speak to our debt listing specialists

Pastore Maurizio

Maurizio Pastore

Group Head of Debt and Funds Listing

+353 87 7812821

mpastore@euronext.com

Paul Andrews - Euronext

Paul Andrews

Vice President, Debt and Funds listing

+353 87 1798300

pandrews@euronext.com

Valerie O'Flaherty - VP - International Bond Listings

Valerie O' Flaherty

Head of Debt Listing – Ireland and UK

+353 87 9382571

voflaherty@euronext.com