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The Luxembourg Stock Exchange (LuxSE) and the European Stability Mechanism (ESM) gathered around the bell to celebrate the listing of ESM’s first bond governed by Luxembourgish law. The ceremony took place on Friday 8 November in the presence of H.E. Pierre Gramegna, Luxembourg Minister of Finance.
“As an active issuer on our exchange, the ESM has greatly contributed to developing the financial ecosystem in Luxembourg, providing liquid instruments to the capital markets. We commend the switch to Luxembourg law as a major recognition of the legal framework in Luxembourg,” stated Robert Scharfe, CEO of the Luxembourg Stock Exchange.
Switching to Luxembourgish law
In September, the European Stability Mechanism announced...
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