Deutsche Bank appointed as issuing & paying agent for the Global Medium Term Note Program of Tourism Development & Investment Company
Deutsche Bank today announced its appointment as issuing & paying agent for the debut Global Medium Term Note program of Tourism Development & Investment Company (TDIC).
TDIC is a master developer of leading tourism real estate assets within Abu Dhabi. The company is charged with assisting the provision of a world-class infrastructure which will fulfil the emirate’s ambitions of becoming a truly global destination of distinction.*
Andrew Leamon, Director of Global Debt Services (GDS) at Deutsche Bank in Dubai, said, "We are very pleased to have been selected by TDIC as issuing & paying agent for their debut GMTN program. This is the second GMTN program we have been appointed to manage this year by an Abu Dhabi based entity and we look forward to providing a first class service to both the issuer and international investors.
*Source: www.tdic.ae (June 2009)
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About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,277 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Trust & Securities ServicesDeutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, provides fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets. This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.