Deutsche Bank today announced its appointment as successor depositary bank for the non-capital raising sponsored Level I American Depositary Receipt program of Telstra Corporation Limited (“Telstra”).
Telstra (ASX:TLS) is Australia’s leading telecommunications company, offering a full range of communications services and competing in all telecommunications markets. In Australia, Telstra provides 17.2 million mobile services, 7.0 million fixed voice services and 3.4 million retail fixed broadband services. With a growing international presence, Telstra also provides services to hundreds of business and government customers around the world. Telstra is headquartered in Melbourne, Australia and is listed on the Australian Securities Exchange.*
“We are delighted to be appointed as the depositary bank for Telstra’s notable ADR program” said Naomi Flutter, Head of Global Transaction Banking − Australia & New Zealand. “Our appointment represents a significant recognition of Deutsche Bank’s superior client servicing capabilities from one of Australia’s most prestigious companies. We look forward to partnering with Telstra and providing the highest level of service for their sponsored ADR program.”
Deutsche Bank’s Depositary Receipts team is part of the Issuer Services business within the Bank’s Global Securities Services unit.
In addition to specializing in administering cross-border equity structures such as American and Global Depositary Receipts, Issuer Services provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.
* This information provided by Telstra Corporation Limited (October 2016)
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