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Citi launches El Salvador depositary note program

Tuesday, June 14, 2016

Citi's Issuer Services business, acting through Citibank in its capacity as a depositary bank, announced that it launched a global depositary note program in connection with the Republic of El Salvador's Letras del Tesoro Treasury bills.

Gobal depositary notes are a sebt security verstion of the tradition equity-based depositary receipt structureGDNs are a debt security version of the traditional equity-based depositary receipt structure.

Source: Benzinga