Skip to main content
BME Exchange
Search
Blog
Expand Close button
Choose language button
Blog
Search
Search

AIAF Listing

AIAF: Spain’s Benchmark Fixed Income Market for Public and Corporate Securities

AIAF Market

The AIAF Market is Spain’s benchmark fixed income market for Public and Corporate securities. It is part of Bolsas y Mercados Españoles (BME Exchanges), the company which manages the Spanish financial markets’ infrastructure.

AIAF Market is a Regulated Market according to EU Directives and is subject to supervision by the pertinent authorities, which oversee its operation and the procedures followed for listing debt securities, trading and the dissemination of information. The AIAF Market offers electronic trading to its Market Members via SEND trading system.

How to List?

Find all the relevant information to list your fixed income securities at AIAF right here.

Download Guide (NEW TO BE UPDATED TO NEW CIRCULAR)
We Guide You Every Step of the Way

Our team of experts will be happy to get in touch with you. 

Contact Us

SEND Platform

The SEND platform provides investors with liquidity for the purchase and sale of Government Debt securities such as Treasury Bills and Treasury Bonds.

Go to SEND Platform
Purchase and Sale of Government Debt Securities, Direct Accounts
arqui
ESG Debt

Discover How Financial Markets Support Sustainability

BME Fixed Income markets offer companies and investors a wide range of options for the issuance of ESG bonds, registering bonds of public and private issuers, of greater or lesser size, therein (from MARF companies to large listed companies) and of very different types, such as the first social health bond in Europe, which was issued by the Madrid región in May, to respond to the Covid-19 crisis.

Resources
Related information
Frequently asked questions

AIAF is Spain's leading regulated market for corporate and public fixed income securities, focused on retail investors, although not exclusively. Prices are set through electronic trading systems or through direct agreements between entities that report to the market (RFQ). 

Prices depend on decisions made by the European Central Bank, changes in the credit rating of issuing companies, and the liquidity available for each specific security.

As an officially regulated market, AIAF has greater transparency and supervision requirements. This is in contrast to purely bilateral or OTC (Over-the-Counter) markets, where prices are agreed privately and are not always visible to others. This means that both pre-trade bid and ask prices and post-trade prices of executed trades are communicated to the market in near real time.