Going Global

Hatton National Bank’s has selected Deutsche Bank as the custodian for its Global Depository Receipts (GDR) issue. Hatton National Bank’s has selected Deutsche Bank as the custodian for its Global Depository Receipts (GDR) issue.

A statement is expected from HNB later today.

Akbar Poonawala, Head of Global Equity Services at Deutsche Bank was quoted in BusinessWire as saying the bank was looking at the HNB deal as an entry to the Sri Lankan market.

Deutsche Bank said it was appointed as depository bank for Luxembourg Stock Exchange-listed Regulation S Global Depositary Receipt (GDR) program of HNB.

-LBO Newsdesk: LBOEmail@vanguardlk.com