Jonathan Kent, Business Editor

A UK-based developer of IT services has listed more than $8 million of debt securities on the Bermuda Stock Exchange.

Scisys Plc’s two tranches of sterling-denominated securities have a combined value of £6 million, while a further euro-denominated issuance has a value of 503,145 euros.

The BSX posted an admission for listing announcement with the details on Friday.

Scisys is headquartered in Wiltshire in the UK and has offices in seven locations in Britain and Germany.

The company, which employs around 500 people, operates in market sectors including media, space, government, defence and commercial. The major companies Scisys lists on its website include the UK Environment Agency and Ministry of Defence, Airbus, Vodafone, the BBC, Aon and the European Space Agency.

The BSX has attracted debt listings from many international companies. The biggest was drug company Endo International’s $1.2 billion listing, announced in December last year.