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Debts Instrument Admission Process

Access new sources of capital and connect with investors through the NASD marketplace. Our markets provide flexible admission routes designed to support companies at different stages of growth.

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About Debt Instruments Market

NASD supports companies seeking to raise capital through fixed-income instruments such as corporate bonds or commercial paper. These instruments allow issuers to secure structured debt financing while giving investors access to fixed-income opportunities.

Listed debt is supported by transparent disclosures and a regulated trading environment so issuers can build trust with the investor community.

Best Suited for

  • Companies raising funds through bonds or commercial paper
  • Firms seeking structured financing
  • Organizations funding expansion or projects
Capital markets professional reviewing debt issuance details

Requirements for Bonds & Commercial Paper Listing

Follow these steps to list your debt instrument.

NASD

Debts Instrument Requirements Document

Download the full admission document for detailed disclosure requirements and obligations.

Download

Debt Instrument Listing Process

Four clear steps from application to trading.

  1. Pre-Admission
    Step 1

    Pre-Admission

    Board appoints Issuing House, fills application, and returns with fee. Board submits signed undertaking to comply with NASD OTC Rules.

  2. Review
    Step 2

    Review

    NASD reviews issuer structure, debt terms, and supporting disclosures. After due diligence, NASD will give approval in principle.

  3. Approval & Admission
    Step 3

    Approval & Admission

    Issuer opens a register with CSCS. 100% dematerialisation of the debt instrument can commence.

  4. Announcement
    Step 4

    Announcement

    Issuer announces admission to NASD OTC Market. Trading on the debt instrument commences.

View Detailed Admission Guidelines

FAQs

Some of the commonly asked questions about Debt Admission on NASD.

  • What is the Debt Instrument Admission Process?
    It is the process for listing bonds, commercial paper or other debt securities on NASD.
  • Who can issue debt instruments on NASD?
    Companies and institutions looking to raise funds through debt.
  • What types of debt instruments are supported?
    Bonds, Commercial Papers, notes, and other fixed-income securities.
  • What are the key requirements?
    You need financial records, repayment terms, and regulatory approvals. See guidelines for full requirement details.
  • Do I need a rating or credit assessment?
    In many cases, yes. This helps investors assess risk.
  • How long does admission take?
    Timelines depend on document review and approvals.
  • What happens after admission?
    Your debt instruments are listed and can be traded.
  • Are there ongoing obligations?
    Yes. You must meet reporting and repayment commitments.
  • What are the benefits of listing debt?
    It helps you raise funds without giving up ownership.
  • How do I get started?
    Work with NASD and a licensed advisor to begin.

Ready to Take the Next Step?

Speak with our team to explore the right market for your company.

Speak with our teamDownload Guidelines Overview

Submit Bond Listing Request

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Submit Commercial Paper Listing Request

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