Initial bond listing fee of MK2,500,000.00

A primary listing fee will be levied and is payable to the Exchange before the Listing date of the securities on the Exchange.

• On the original application for a financial instrument listing; and
• On any increase in the issued amount in excess of the original application, subsequent to the date of listing.

A primary listing fee shall be payable on the date of the original listing application and on the date of any increase in the issued amount in excess of the original application.

Primary listing fees in respect of fixed or variable coupon listed financial instruments are to be calculated in accordance with the following formulae-

•  On the date of the original listing application;

1. Primary issue amount per original application
2. Nominal value in Kwacha of item (1) x 0.05%
3. Calculation of item (2) subject to a minimum fee of K2,500,000.00 and a maximum fee of K10,000,000.00.

•  On the date of any increase in the issued amount in excess of the original application:

1. Increase in issue amount in excess of the original application, subsequent to the date of listing;
2. Nominal value in Kwacha of item (1) x 0.05%.
3. Calculation of item (2) subject to a minimum fee of K2,500,000,00 and a maximum fee of K10,000,000.00.

A primary listing in respect of Zero Coupon listed financial instruments will be calculated on the cash value of the financial instrument in accordance with the following formula-

1.  Primary issue amount per original application.
2. Cash value in Kwacha of item (1) x 0.05%.
3. Calculation of item (2) subject to a minimum fee of K2,500,000.00 and a maximum fee of K10,000,000.00.

The cumulative maximum primary listing fee payable in respect of a specific financial instrument will not exceed K10,000,000.00.

Listing and other fees on MSE for the year 2024