Depositary Receipts (ADR/GDR)

Orascom looks to issue first EDR

Orascom Development, the Egyptian real estate company, is looking to issue the first-ever Egyptian depository receipt (EDR). The company is working with EFG Hermes and the Bank of New York Mellon to arrange the issue later this year.

RusHydro lists GDRs on LSE

RusHydro, the world’s largest publicly traded hydro generational company, has listed on the London Stock Exchange (LSE), making it the first GDR listing on the LSE since February. Bank of New York Mellon is the depository bank.