Using American depository receipts,a foreign borrower may issue new equity to the public in the US market with the aid of a custodian bank in that country.

Name: Using American depository receipts,a foreign borrower may issue new equity to the public in the US market with the aid of a custodian bank in that country.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

An ADR program allows a foreign company that otherwise may not have been able to met SEC listing requirements to access the US capital markets.

Using American Depository Receipts,a Foreign Borrower May Issue New Equity