Maurizio Pastore – Vice President, International Primary Markets

The Irish Stock Exchange

Listing opportunities for Mexican Issuers

The Irish Stock Exchange

• One of the oldest Exchanges in the world - Est. 1793

• Independent and well capitalised

• ISEQ Overall Index 2013 Performance +33.6% (10.04% YTD)

• Specialised in listing fixed income securities and international

investment funds

3,500 Issuers from 75 Jurisdictions

Listing Investment Funds

• 2,353 funds and sub-funds listed

• 82 ETFs

• 7,111 securities listed in total

• Funds from over 15 domiciles

Why list?

Satisfy Investor Requirements

Increased Visibility & Transparency

NAV and Announcement Publication

Tax Advantages

Third Party Oversight

Managers with ISE listed funds  

Approved Prospectuses

So what has changed since the crisis… • In 2007 - 85% of ISE Debt Business based on Structured MTN &

ABS

• In 2013 – less than 50% of ISE Debt listing is now structured

finance

• ISE Revenue 2013: ABS 48% - Derivative 17% - ECP 17% -

Plain Vanilla 16% -Covered Bonds 2%.

• New debt issuers accessing the market in March 2014: Ireland

38 deals (58%), Luxembourg 26 (36%), London 4 (6%)

Why list debt securities

Access to European Capital Markets

Withholding Tax Exemptions

Investor Requirements

ECB Eligibility Criteria

Badge of Integrity

Why list Debt Securities on the ISE?

Certainty of Timing

Seamless Listing Process

Competitive Fee Structure

Flexibility & Experience

Customer Relationship Management

Opportunities for Mexican entities

• Gateway to institutional European investors

• Tax advantages

• Most competitive pricing in the EU

• Enhance international trading

• Improves international visibility

Mexican Issuers listed on the ISEMore than 60 Mexican deals listed since 2008 – few examples:

•CEMEX S.A.B. DE C.V.•GRUPO BIMBO, S.A.B. DE C.V.•PEMEX GDN CITIBANK, N.A. AS DEPOSITARY BANK•BBVA BANCOMER, S.A.•COCA-COLA FEMSA, S.A.B. DE C.V. •ALPEK, S.A.B. DE C.V.•FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V.•GRUPO FAMSA, S.A.B. DE C.V.•GRUPO CEMENTOS DE CHIHUAHUA S.A.B. DE C.V.•MEXICO GENERADORA DE ENERGIA, S. DE R.L•GRUPO ELEKTRA SAB DE C.V.•KANSAS CITY SOUTHERN DE MÉXICO, S.A. DE C.V.•TV AZTECA, S.A.B. DE C.V.•COBRE DEL MAYO, S.A. DE C.V.

Global Exchange Market (GEM)

Exchange Regulated Market

GEM specific rules derived from EU legislation

The ISE is responsible for the approval of the Listing Particulars

Currently 40% of issuers list on GEM

ECB acceptable Exchange Regulated Market

Tailored Solutions

LatAm a strategic region for the ISE

• More than 100 one to one meetings organised in Mexico City,

Sao Paulo, Lima, Buenos Aires over the last 3 years

• 5 LatAm capital markets conferences covered with more than

100 direct contacts made with domestic law firms, corporates,

financial institutions, service providers, accountants

LatAm deals listed on the ISE 2011 2012 2013

Brazil 12 21 24Mexico 10 10 27Peru 0 1 6Puerto Rico 0 0 1Chile 0 0 3Panama 0 1 2

Para concludir

Irlanda es un mercato abierto, flexible y competitivo

Estamos aqui para asistiros

Podeis confiar en nosotros

Teneis un contacto directo

Contact Details

Thank you for your attention!

Maurizio.pastore@ise.ie : +353 1 6174 284