Deutsche Bank depositary for HKEL 14 August 2014Hong Kong Reporter: Catherine Van de Stouwe
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Deutsche Bank has revealed it has been made depositary bank for the non-capital raising sponsored Level 1 American Depositary Receipt (ADR) programme of Hong Kong Electric Investments and Hong Kong Electric Investments Limited (HKEL).
HKEL is the first fixed single investment trust in Hong Kong with a focus on the power industry. The firm is wholly owned by the Hong Kong Electric Company, which is the sole electricity provider to Hong Kong Island and Lamma Island.
Philip Tiffin, Asia Pacific head of issuer services sales for global transaction banking at Deutsche Bank, said: “We are delighted to be HKEL’s depositary bank of choice. This notable mandate exemplifies our strong capabilities in ADR depositary services and global network.”
“We look forward to providing HKEL with the highest level of customised services to optimise the visibility of its ADR programme and broaden its investor base.”
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