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Sunday, November 22 - 2009

Deutsche Bank announces its appointment as issuing and paying agent for the debut Global Medium Term Note of TDIC

  • United Arab Emirates: Wednesday, July 01 - 2009 at 14:04
  • PRESS RELEASE

Deutsche Bank today announced its appointment as issuing and paying agent for the debut Global Medium Term Note program of Tourism Development and Investment Company (TDIC).

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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."
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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 Services:
Deutsche 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.

For further information, please contact:
Deutsche Bank:
Dana Budeiri
T:+971 4 361 1744
OR
Libby Young
T: +44 (0) 20 7545 6941

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