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International Investment Bank Citi announced the expansion of the global deposit bond issuance program ( GDN ) on the lending securities of the 39; State ( OVDP ) of Ukraine.
Bank Press Service
Thus, Ukraine became the 20th country program GDN of the American Citibank NA acting as custodian.
Previously, Citi Citigroup Global Markets Holdings Inc. ( USA ) actively issued credit notes (credit-related notes, CLN ) under the UAH OVDPs from Ukraine. The securities are listed on the Irish Stock Exchange of Euronext Dublin. The total amount of the issue is about 5 billion USD, while part of T-bills has already been repaid.
Reference Finance.ua:
- GDN – type of classic depository receipt (DR), where
- Such an instrument facilitates the access of foreign securities dealers and institutional investors to securities of local claims, since agreements with GDN may be concluded for US dollars US and through the global depository institutions Euroclear, Clearstream or the Depository Trust Company ( DTC ).
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