CATALYST, the first organized market in debt securities in Poland and a unique such market in Central and Eastern Europe will be launched by the Warsaw Stock Exchange on 30 September, according to a WSE press release.
"The new system will facilitate and optimise corporate and municipal bonds issuance. Secondary trading in these instruments will be conducted on quotation systems operated by the Warsaw Stock Exchange and BondSpot SA," the press release indicates.
Until the end of 2009, the WSE and BondSpot will additionally launch alternative trading systems. These markets, similar to NewConnect in terms of regulations, will offer small and large entities the possibility to issue publicly traded bonds.
The Warsaw Stock Exchange had a market capitalization of 66 billion EUR at the end of June 2009, up by 3.2% from the previous month, whereas the equity turnover value in the first half of this year was 16.7 billion euros.