Bourse de Luxembourg - paperJam

2003 Key eventsNovember 14-15, 2003Semi-annual general assembly of FESE andWilton Park Conference, United KingdomSince 1999, the Federation has organised annual high-level conferenceson European and transatlantic financial markets issues, in closeco-operation with the Wilton Park organisation and together withthe European Financial Forum, Paris Europlace and the DeutschesAktieninstitut.These conferences take place on Wilton Park’s estate, United Kingdom.The 2003 Conference focused on systemic risk in the financial sector andwhether governance structures were sufficient to manage old and newareas of risk.2003 in reviewNew listing recordThe Luxembourg Stock Exchange admitted 8,246 new securities, a recordfigure, to official listing in 2003, bringing the number of listed securities to29,102 on December 31, 2003 (up 9.9% over the previous year). The listedsecurities broke down as follows: 73.1% bonds, 20.7% equities andundertakings for collective investment (UCIs), and 6.2% warrants.The figures are evidence that the Luxembourg Stock Exchange maintainedits expertise in international securities listing and its recognition as aleading listing centre for such securities.Since it was launched on January 4, 1999, the euro has become a majorlisting currency on the Luxembourg Stock Exchange, as is illustrated bythe figures of the last five years. In 2003, the euro served as an issuingcurrency for 54.7% of the bonds newly listed on the Luxembourg StockExchange, compared with 31.5% for the US dollar. The aggregate issuedvalue of the new euro-denominated bonds amounted to 528.7 billion euros(46.5%), compared with 512.5 billion euros (45.1%) for new US dollarbonds.On the equity side, the largest group of listed securities remained that ofthe UCIs. 1,051 UCIs were admitted to listing in 2003, of which 504 weredenominated in euros and 396 in US dollars.In the domestic equities market, one domestic company increased itsshare capital: ARCELOR S.A.. The foreign equity compartment recorded29 listings of global depositary receipts, issued mostly by companiesbased in Asia.9FactBook 2004