Deutsche Bank secures another ADR mandate
Deutsche Bank has been appointed as the depository bank for the sponsored level 1 American depository receipt (ADR) programme for Tap Oil.
The Australian-based gas exploration and production company also has interests in Southeast Asia, including its flagship Manora Oil Development off the coast of Thailand.
This is Deutsche Bank’s ninth ADR mandate in the Australia and New Zealand region this year.
Naomi Flutter, head of global transaction banking at Deutsche Bank, said: “This momentum clearly demonstrates our success and continued commitment to these important markets.”
“We look forward to providing Tap Oil with the highest level of service for their newly-launched programme."
