Listing debt securities on the New York Stock Exchange

Copyright © 2025 LexisNexis
Produced in partnership with Carol Stubblefield of Baker McKenzie
Practice notes

Listing debt securities on the New York Stock Exchange

Copyright © 2025 LexisNexis

Produced in partnership with Carol Stubblefield of Baker McKenzie

Practice notes
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What does this Practice Note cover?

The U.S. New York Stock Exchange (the NYSE or the Exchange) is the largest stock exchange in the world in terms of market capitalisation. The NYSE was first formed in 1792 and is located in New York City.

This Practice Note examines the regulatory and procedural requirements for Listing Debt Securities on the NYSE.

Reasons for listing debt securities

Listing of debt securities is usually carried out to gain access to a wider group of Investors or to satisfy market practices and expectations in the jurisdictions in which an offering of the debt securities is being made.

Many investors have investment criteria stipulating that they will only invest in listed Securities. This gives investors a degree of comfort regarding disclosure and governance obligations. The resulting higher status and greater liquidity of listed securities enables the investors to exit their positions more easily if necessary.

Listing rules

The NYSE Listed Company Manual sets out the policies, practices and procedures for listing on the NYSE for

Carol Stubblefield
Carol Stubblefield

Partner, Baker McKenzie

Carol B. Stubblefield is a member of the Firm’s Transactional Group in the New York office. Ms. Stubblefield represents public companies, issuers and underwriters in connection with public and private offerings of debt and equity securities. Ms. Stubblefield provides general corporate counseling and advice on disclosure matters and corporate governance matters. She advises companies on M&A transactions, including complex cross-border acquisitions and divestures. She also advises on pre- and post- transaction restructuring activities.
 
Carol regularly advises on pro bono matters and is active in the Firm's community service efforts.

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Jurisdiction(s):
United Kingdom
Key definition:
Listing definition
What does Listing mean?

The FSA has taken responsibility for the listing of companies to the ‘official list’. Inclusion in this list represents an endorsement from the FSA that the company has met minimum standards.

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