{"id":149,"date":"2020-04-01T21:05:36","date_gmt":"2020-04-01T13:05:36","guid":{"rendered":"http:\/\/charltonsnaturalresources.com\/?page_id=149"},"modified":"2021-03-03T12:29:04","modified_gmt":"2021-03-03T04:29:04","slug":"tap-issues","status":"publish","type":"page","link":"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/listing-debt-securities\/tap-issues\/","title":{"rendered":"Tap Issues, Debt Issuance Programmes and Asset-Backed Securities"},"content":{"rendered":"[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;ContentWrapper5&#8243; module_class=&#8221;content-wrapper5&#8243; _builder_version=&#8221;4.4.3&#8243;][et_pb_row admin_label=&#8221;Banner Top 5&#8243; module_class=&#8221;top-banner5&#8243; _builder_version=&#8221;4.4.3&#8243; background_enable_color=&#8221;off&#8221; background_image=&#8221;\/legal\/capital_raising\/capital_raising_banner.jpg&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.4.3&#8243;][et_pb_text admin_label=&#8221;Banner 5&#8243; _builder_version=&#8221;4.4.3&#8243;]<div class=\"banner5\">\r\n<h1>Capital Raising<\/h1>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Breadcrumbs&#8221; _builder_version=&#8221;4.4.3&#8243;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25.3&#8243;][et_pb_text admin_label=&#8221;Breadcrumbs&#8221; _builder_version=&#8221;4.4.3&#8243;]<div class=\"breadcrumb no-bottom-border\">\r\n<ul><li><a href=\"\/\">Home<\/a><\/li><li><a href='https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/' title='Capital Raising'>Capital Raising<\/a><\/li><li><a href='https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/listing-debt-securities\/' title='Listing Debt Securities in Hong Kong'>Listing Debt Securities in Hong Kong<\/a><\/li><li><span>Tap Issues, Debt Issuance Programmes and Asset-Backed Securities<\/span><\/li><\/ul>\r\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_4,3_4&#8243; module_class=&#8221;main-content5&#8243; _builder_version=&#8221;4.4.3&#8243;][et_pb_column type=&#8221;1_4&#8243; _builder_version=&#8221;4.4.3&#8243;][et_pb_text admin_label=&#8221;SideMenu&#8221; _builder_version=&#8221;4.4.3&#8243;]<div class=\"side-menu\">\r\n<div class=\"side-menu-panel\">\r\n<h3>Capital Raising<\/h3>\r\n<span class=\"hamburger\"><\/span>\r\n<\/div><ul class=\"cm-parent\"><li class=\"page_item page-item-127 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/private-equity\/\">Raising Private Equity Finance<\/a>\n<ul class='children'>\n\t<li class=\"page_item page-item-137\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/private-equity\/advising-natural-resource\/\">Advising Natural Resource Companies<\/a><\/li>\n\t<li class=\"page_item page-item-138\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/private-equity\/advising-investors\/\">Advising Investors<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"page_item page-item-128 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/raising-debt-capital\/\">Raising Natural Resources Debt Capital<\/a>\n<ul class='children'>\n\t<li class=\"page_item page-item-141\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/raising-debt-capital\/advising-lenders\/\">Advising Lenders<\/a><\/li>\n\t<li class=\"page_item page-item-142\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/raising-debt-capital\/advising-borrowers\/\">Advising Borrowers<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"page_item page-item-129 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/listing-debt-securities\/\">Listing Debt Securities in Hong Kong<\/a>\n<ul class='children'>\n\t<li class=\"page_item page-item-145\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/listing-debt-securities\/conditions-listing\/\">Basic Conditions for Listing<\/a><\/li>\n\t<li class=\"page_item page-item-146\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/listing-debt-securities\/options-warrants\/\">Options, Warrants and Similar Rights<\/a><\/li>\n\t<li class=\"page_item page-item-147\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/listing-debt-securities\/listing-document\/\">Listing Document<\/a><\/li>\n\t<li class=\"page_item page-item-148\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/listing-debt-securities\/listing-agreement\/\">The Listing Agreement<\/a><\/li>\n\t<li class=\"page_item page-item-149\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/listing-debt-securities\/tap-issues\/\">Tap Issues, Debt Issuance Programmes and Asset-Backed Securities<\/a><\/li>\n<\/ul>\n<\/li>\n<li class=\"page_item page-item-130\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/debt-issues-professional-investors\/\">Listing of Debt Issues to Professional Investors Only<\/a><\/li>\n<li class=\"page_item page-item-131\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/pre-ipo-investments\/\">Pre-IPO Investments<\/a><\/li>\n<\/ul>\r\n<\/div>[\/et_pb_text][et_pb_text admin_label=&#8221;SideNews5&#8243; _builder_version=&#8221;4.4.3&#8243; global_module=&#8221;231550&#8243;]<div class=\"side-news5\">\r\n\t\t\n\t\t<div class=\"rtc-image\">\n\t\t<a href=\"https:\/\/charltonsnaturalresources.com\/en\/mosaic-to-sell-brazilian-phosphate-mine-in-125-million-deal\/\"><img decoding=\"async\" src=\"https:\/\/charltonsnaturalresources.com\/wp-content\/uploads\/mosaic-to-sell-brazilian-phosphate-mine-in-125-million-deal.jpg\" \/><\/a>\t\t\t\t\n\t\t<h3 class=\"rtc-caption\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/mosaic-to-sell-brazilian-phosphate-mine-in-125-million-deal\/\">Mosaic to sell Brazilian phosphate mine in $125 million deal<\/a><\/h3>\n\t\t<\/div>\t\t\n\t\t\t\t\n\t\t<div class=\"rtc-image\">\n\t\t<a href=\"https:\/\/charltonsnaturalresources.com\/en\/mali-to-get-1-2bn-from-miners-after-talks\/\"><img decoding=\"async\" src=\"https:\/\/charltonsnaturalresources.com\/wp-content\/uploads\/mali-to-get-1-2bn-from-miners-after-talks-1.jpg\" \/><\/a>\t\t\t\t\n\t\t<h3 class=\"rtc-caption\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/mali-to-get-1-2bn-from-miners-after-talks\/\">Mali to get $1.2bn from miners after talks<\/a><\/h3>\n\t\t<\/div>\t\t\n\t\t\t\t\n\t\t<div class=\"rtc-image\">\n\t\t<a href=\"https:\/\/charltonsnaturalresources.com\/en\/friedland-considers-floating-african-iron-ore-company-on-asx\/\"><img decoding=\"async\" src=\"http:\/\/charltonsnaturalresources.com\/wp-content\/uploads\/friedland-considers-floating-african-iron-ore-company-on-asx.jpg\" \/><\/a>\t\t\t\t\n\t\t<h3 class=\"rtc-caption\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/friedland-considers-floating-african-iron-ore-company-on-asx\/\">Friedland considers floating African iron ore company on ASX<\/a><\/h3>\n\t\t<\/div>\t\t\n\t\t<h4 class=\"view-all-toggle\"><\/h4>\r\n<\/div>\r\n[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;3_4&#8243; _builder_version=&#8221;4.4.3&#8243;][et_pb_text admin_label=&#8221;ContentMenuBar1&#8243; _builder_version=&#8221;4.4.3&#8243;]<div class=\"content-menubar\">\r\n<div class=\"page-menu-panel\">\r\n<h3>Friedland considers floating African iron ore company on ASX<\/h3>\r\n<span class=\"hamburger\"><\/span>\r\n<\/div>\r\n<ul class=\"cm-parent\"><\/ul>\r\n<\/div>[\/et_pb_text][et_pb_text admin_label=&#8221;banner content&#8221; _builder_version=&#8221;4.4.3&#8243;]<img decoding=\"async\" src=\"\/legal\/capital_raising\/listing_debt_securities_in_hong_kong.jpg\" \/>[\/et_pb_text][et_pb_text admin_label=&#8221;Content&#8221; _builder_version=&#8221;4.4.8&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243;]<h1>Friedland considers floating African iron ore company on ASX<\/h1>\r\n<p><strong><em>(a) Tap issues<\/em><\/strong><\/p>\r\n<p>Where application is made by an issuer for listing of a tap issue, the HKEX will normally apply the same requirements for each subsequent tranche as applied to the initial tranche. However, where such application is contemplated, the HKEX should be consulted at the earliest opportunity as to the requirements which will apply. Any listing document issued in connection with a tap issue must specify the maximum nominal amount of debt securities which could be issued.<\/p>\r\n<p><strong>(<em>b) Debt issuance programmes<\/em><\/strong><\/p>\r\n<p>The application for listing must cover the maximum amount of securities which may be in issue and listed at any one time under the programme. If the HKEX approves the application, it will admit to listing all securities which may be issued under the programme within 12 months after the publication of the listing document subject to the HKEX:<\/p>\r\n<ol>\r\n<li>being advised of the final terms of each issue;<\/li>\r\n<li>receiving and approving for publication any supplementary listing document that may be appropriate;<\/li>\r\n<li>receiving confirmation that the securities in question have been issued; and<\/li>\r\n<li>receiving any listing fees payable.<\/li>\r\n<\/ol>\r\n<p>Pursuant to HKEX Listing Rule 29.05 the final terms of each issue which is intended to be listed (\u201cthe pricing supplement\u201d) must be submitted in writing to the HKEX as soon as possible after they have been agreed and in any event no later than 2.00 p.m. on the business day before listing is required to become effective. The pricing supplement may be submitted by the issuer, or one or more firms designated by the issuer so long as in the latter case the HKEX has received a letter of appointment signed by a duly authorised officer of the issuer. The pricing supplement relating to an issue, when read together with the listing document and any supplementary listing document in respect of the programme, must provide an investor with the full terms and conditions of that issue.<\/p>\r\n<p><strong><em>(c) Asset-backed securities<\/em><\/strong><\/p>\r\n<p>The following additions and exceptions to the qualifications for listing apply to issuers of asset-backed securities:<\/p>\r\n<ol>\r\n<li>the issuer must normally be a single purpose undertaking. However, the requirement to be a single purpose undertaking does not preclude the addition to the pool of further assets during the life of the securities. Furthermore, further classes of debt securities may be issued by the undertaking, backed by separate pools of similar assets;<\/li>\r\n<li>the requirement for three year audited accounts does not apply and neither does the latest financial period reporting requirement apply;<\/li>\r\n<li>where an issue of asset-backed securities is backed by equity securities, those securities must be listed on a stock exchange or traded on another regulated and regularly operating open market; the equity securities must represent non-controlling interests in and must not confer legal or management control of the companies issuing the equity securities; where options or conversion rights relating to equity securities are used to back an issue, this paragraph applies in respect of the securities resulting from the exercise of those options or rights; and<\/li>\r\n<li>there must be a trustee or other appropriate independent party representing the interests of the holders of the asset-backed securities and with the right of access to appropriate information relating to the assets.<\/li>\r\n<\/ol>\r\n[\/et_pb_text][et_pb_text admin_label=&#8221;SubpageMenu&#8221; _builder_version=&#8221;4.4.3&#8243;]<div class=\"page-submenu mb-40\"> \r\n<ul><li class=\"page_item page-item-13 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/about-us\/\">About Us<\/a><\/li>\n<li class=\"page_item page-item-231835\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/get-urls\/\">Get Urls<\/a><\/li>\n<li class=\"page_item page-item-234006\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/home-page-images-1\/\">Home Page Images 1<\/a><\/li>\n<li class=\"page_item page-item-353\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/\">Home Page New<\/a><\/li>\n<li class=\"page_item page-item-28 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/advising-companies\/\">Advising Resource Companies<\/a><\/li>\n<li class=\"page_item page-item-70 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/sponsors\/\">Sponsors<\/a><\/li>\n<li class=\"page_item page-item-93 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/mergers-and-acquisitions\/\">M &#038; A<\/a><\/li>\n<li class=\"page_item page-item-125 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/capital-raising\/\">Capital Raising<\/a><\/li>\n<li class=\"page_item page-item-155 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/listings\/\">Listings<\/a><\/li>\n<li class=\"page_item page-item-199 page_item_has_children\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/links\/\">Links<\/a><\/li>\n<li class=\"page_item page-item-8\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/home-page\/\">Home Page<\/a><\/li>\n<li class=\"page_item page-item-214\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/join-us\/\">Join Us<\/a><\/li>\n<li class=\"page_item page-item-215\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/contact-us\/\">Contact Us<\/a><\/li>\n<li class=\"page_item page-item-219\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/news\/\">News<\/a><\/li>\n<li class=\"page_item page-item-218\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/newsletters-and-subscriptions\/\">Newsletters and Subscriptions<\/a><\/li>\n<li class=\"page_item page-item-225\"><a href=\"https:\/\/charltonsnaturalresources.com\/en\/overseas-mining-laws\/\">Overseas Mining Laws<\/a><\/li>\n<\/ul>\r\n<\/div> [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]","protected":false},"excerpt":{"rendered":"<p>NATURAL RESOURCES News November 2024 Friedland considers floating African iron ore company on ASX &nbsp; On 12 November. 2024 mining tycoon Robert Friedland is reportedly planning to list his iron ore company, Ivanhoe Atlantic, on the Australian Securities Exchange (ASX) by mid-2024. The IPO aims to raise capital for investments in Australia\u2019s critical minerals projects, taking advantage of undervalued assets amid a downturn in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":129,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<!-- wp:heading -->\r\n<h2><em>(a) Tap issues<\/em><\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Where application is made by an issuer for listing of a tap issue, the Exchange will normally apply the same requirements for each subsequent tranche as applied to the initial tranche. Any listing document issued in connection with a tap issue must specify the maximum nominal amount of debt securities which could be issued.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading -->\r\n<h2>(<em>b) Debt issuance programmes<\/em><\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The application for listing must cover the maximum amount of securities which may be in issue and listed at any one time under the programme. If the Exchange approves the application, it will admit to listing all securities which may be issued under the programme within 12 months after the publication of the listing document subject to the Exchange:<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:list {\"ordered\":true} -->\r\n<ol><li>Being advised of the final terms of each issue<br><\/li><li>Receiving and approving for publication any supplementary listing document that may be appropriate;<br><\/li><li>Receiving confirmation that the securities in question have been issued; and<br><\/li><li>Receiving any listing fees payable.<\/li><\/ol>\r\n<!-- \/wp:list -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>Pursuant to Listing Rule 29.05 the final terms of each issue which is intended to be listed (\"the pricing supplement\") must be submitted in writing to the Exchange as soon as possible after they have been agreed and in any event no later than 2.00 p.m. on the business day before listing is required to become effective. The pricing supplement may be submitted by the issuer, or one or more firms designated by the issuer so long as in the latter case the Exchange has received a letter of appointment signed by a duly authorised officer of the issuer. The pricing supplement relating to an issue, when read together with the listing document and any supplementary listing document in respect of the programme, must provide an investor with the full terms and conditions of that issue.<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading -->\r\n<h2><em>(c) Asset-backed securities<\/em><\/h2>\r\n<!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph -->\r\n<p>The following additions and exceptions to the qualifications for listing apply to issuers of asset-backed securities:<\/p>\r\n<!-- \/wp:paragraph -->\r\n\r\n<!-- wp:list {\"ordered\":true} -->\r\n<ol><li>The issuer must normally be a single purpose undertaking. However, the requirement to be a single purpose undertaking does not preclude the addition to\u00a0 the pool of further assets during the life of the securities. Furthermore, further classes of debt securities may be issued by the undertaking, backed by separate pools of similar assets;<br><\/li><li>The requirement for three year audited accounts does not apply;<br><\/li><li>Where an issue of asset-backed securities is backed by equity securities, those securities must be listed on a stock exchange or traded on another regulated and regularly operating open market; the equity securities must represent minority interests in and must not confer legal or management control of the companies issuing the equity securities; where options or conversion rights relating to equity securities are used to back an issue, this paragraph applies in respect of the securities resulting from the exercise of those options or rights; and<br><\/li><li>There must be a trustee or other appropriate independent party representing the interests of the holders of the asset-backed securities and with the right of access to appropriate information relating to the assets.<\/li><\/ol>\r\n<!-- \/wp:list -->","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[28],"class_list":["post-149","page","type-page","status-publish","hentry","category-capital-raising","cat-23-id"],"_links":{"self":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/pages\/149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/comments?post=149"}],"version-history":[{"count":18,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/pages\/149\/revisions"}],"predecessor-version":[{"id":232817,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/pages\/149\/revisions\/232817"}],"up":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/pages\/129"}],"wp:attachment":[{"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/media?parent=149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/en\/wp-json\/wp\/v2\/categories?post=149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}