New Peruvian Global Depositary Note lists on GEM
Citibank N.A., New York, as Depositary Bank, has listed Peruvian S/927,600,000 Global Depositary Notes (GDN) on the Global Exchange Market (GEM) of the Irish Stock Exchange (ISE).
The notes, which are due in 2024 and have an interest rate of 7.000%, relate to an offering by Fondo MIVIVIENDA S.A., the Peruvian state-owned company involved in the promoting and financing of the acquisition, improvement and construction of homes in Peru.
Latin American Issuers listing on the ISE
The GDN of Fondo MIVIVIENDA S.A. joins a number of Latin American issuers listing debt on ISE markets including Sigma Alimentos, CLISA, Falabella, Santander Mexico and follow other GDN listings including Pemex and the Republic of Nigeria.
- Listing particulars for the GDN related to Fondo MIVIVIENDA S.A.
- Details of the GDN related to Fondo MIVIVIENDA S.A.
Notes to editors
Global Depositary Note (GDN)
A debt instrument created by a depositary bank, such as Citibank, that evidences ownership of a local currency-denominated debt security. GDNs emulate the terms (interest rate, maturity date, credit ratings) of particular local currency denominated bonds however they trade, settle, and pay interest and principal in U.S. dollars.
A GDN gives investors exposure to the local currency denominated debt security without having to directly hold that debt security in its local currency.