Citi today announced that its Global Transaction Services
business, acting through Citibank, N.A., has been appointed by
ISAGEN S.A. E.S.P. (ISAGEN), a Colombia-based mixed public utility
corporation, as depositary for its Level 1 American Depositary
Receipt program. ISAGENs shares will trade on the OTC market under
the symbol ISAGY. Each ISAGEN American depositary share represents
10 ordinary shares. Juan Fernando Vásquez Velásquez, Chief
Financial Officer of ISAGEN, said, We are excited to launch our
sponsored ADR program. ISAGEN is committed to increasing its
international exposure, and we look forward to heightening our
visibility and broadening our investor base worldwide, with Citi as
our depositary bank. Dirk Jones, Global Head of Securities and Fund
Services Client Sales Management at Citi, said, Were delighted that
ISAGEN has chosen Citi as depositary bank for its Level 1 ADR.
Citis extensive experience in Latin America lends us a broad
understanding of the needs of clients in this market, and allows us
to most effectively assist ISAGEN in expanding its global profile,
thereby increasing investor awareness and visibility for its
program worldwide. For more information on Citis Depositary Receipt
Services, visit www.citi.com/dr. Global Transaction Services, a
division of Citis Institutional Clients Group, offers integrated
cash management, trade, and securities and fund services to
multinational corporations, financial institutions and public
sector organizations around the world. With a network that spans
more than 100 countries, Citigroups Global Transaction Services
supports over 65,000 clients. As of the third quarter of 2011, it
held on average $365 billion in liability balances and over $12.5
trillion in assets under custody. About ISAGEN ISAGEN, incorporated
as a public company, is a mixed public utility corporation
affiliated with the Ministry of Mining and Energy of Colombia. Its
main objective is the generation and commercialization of electric
energy. ISAGEN provides services primarily in electric energy, gas
supply and energy solutions (maintenance, expansion and energy
efficiency). ISAGENs operations are conducted in Colombia, and
expansion to other countries is currently being assessed.
Additional information can be found at www.isagen.com. About Citi
Citi, the leading global financial services company, has
approximately 200 million customer accounts and does business in
more than 160 countries and jurisdictions. Citi provides consumers,
corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and
credit, corporate and investment banking, securities brokerage,
transaction services, and wealth management. Additional information
may be found at www.citigroup.com | Twitter: @Citi | YouTube:
www.youtube.com/citi | Blog: http://new.citi.com | Facebook:
www.facebook.com/citi | LinkedIn:
www.linkedin.com/company/citi
No comments:
Post a Comment