Depositary Receipts (ADR/GDR)

Achievement Awards 2013: The winners

Achievement Awards 2013: The winners

We're happy to reveal our picks for the best deals and dealmakers of 2013 in our annual Achievement Awards. Nominated by parties including banks and borrowers and chosen by the EMEA Finance team, our winning houses and transactions exemplify the kind of innovative efforts taking place in the region’s capital markets.

As always, we congratulate all of our winners on their achievements and the new ground broken by so much of their work. Full editorial coverage of the awards will appear in the forthcoming edition of EMEA Finance.

Tinkoff moves ahead with London IPO

Tinkoff moves ahead with London IPO

Russia's Tinkoff Credit Systems Bank plans to raise US$750mn in its London Stock Exchange launch later this year.

Goldman Sachs, Morgan Stanley and Sberbank CIB are joint global co-ordinators on the deal, joined by JP Morgan and Renaissance Capital as joint bookrunners.

The deal will be cheered by depositary receipts bankers – as our latest report highlights, many were downbeat over the EMEA IPO outlook.
 

Zenith holds London investor meetings

Zenith holds London investor meetings

Nigeria’s Zenith Bank has started investor meetings in London ahead of listing global depositary receipts (GDRs) on the London Stock Exchange.

The management team hopes to increase international analyst coverage, boost liquidity and broaden the bank’s investor base.

The listing will see the bank issue receipts each representing 50 shares. JP Morgan is acting as depositary bank.