NYSE Bonds Listing Fees Minimum Numerical Standards

Domestic Companies — Debt Listings

Market Value
The debt issue must have an aggregate market value or principal amount of no less than $5,000,000.
Convertible Bonds
Debt securities convertible into equity securities may be listed only if the underlying equity securities are subject to real-time last sale reporting in the United States. The convertible debt issue must have an aggregate market value or principal amount of no less than $10,000,000.
Issuer or Bond Rating Status
For the Exchange to list a debt security, the security must be characterized by one of the following conditions:
(A) the issuer of the debt security has equity securities listed on the Exchange;
(B) an issuer of equity securities listed on the Exchange directly or indirectly owns a majority interest in, or is under common control with, the issuer of the debt security;
(C) an issuer of equity securities listed on the Exchange has guaranteed the debt security;
(D) a nationally recognized securities rating organization (an "NRSRO") has assigned a current rating to the debt security that is no lower than an S&P Corporation "B" rating or an equivalent rating by another NRSRO; or
(E) if no NRSRO has assigned a rating to the issue, an NRSRO has currently assigned:
(i) an investment grade rating to a senior issue; or
(ii) a rating that is no lower than an S&P Corporation "B" rating, or an equivalent rating by another NRSRO, to a pari passu or junior issue.