Depositary receipts gain ground in Asia

Article Abstract:

Depositary receipts are gaining ground in the Asian capital markets, but many Asian corporations still are unfamiliar with American Depositary Receipts (ADR) and Global Depositary Receipts (GDR). The use of ADRs and GDRs by Asian corporate issuers has increased since 1994, and there have been over 40 GDRs issued in Asia since that year. Investors like ADRs and GDRs as they allow them to buy equity positions in Asian corporations and to skirt foreign ownership restrictions.

Management, American depository receipts, American depositary receipts, Global depository receipts

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Asia embracing international equity issues

Article Abstract:

Asian companies increasingly are moving to the equity markets to raise capital since 1992, raising $40 billion worth over $40 billion in the period of 1992 to 1996. Excluding Japan and Australia, the volume of Asian equities now exceeds $100 billion. The Asian stock market is being bolstered by initial public offerings from companies interested in tapping into the appetite of individual and institutional investors.

Stocks, International aspects, Stock-exchange, Stock exchanges

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Project bonds - a new investment opportunity

Article Abstract:

Project bonds, which have long be used by developing countries to raise capital, represent a new capital-raising venue for Asian issuers. The volume of infrastucture-related foreign investment totalled $27 billion in 1996. The World Banks estimates that East Asian nations need to invest between $120 billion and $150 billion annually on infrastructure to maintain high growth rates.

Government Bonds, Infrastructure (Economics), Evaluation, Finance, Securities, Government securities, Project finance

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