BNY Makes First Move with ADR Program for Canadian Firms, Paving the Way for U.S. Market Entry
The Bank of New York Mellon Corporation (BNY) has announced the launch of an American Depositary Receipt (ADR) program for a leading Canadian supermarket chain, marking a significant step in expanding investment opportunities for U.S. and global investors[2]. The ADRs, denominated in U.S. dollars, will provide a seamless, cost-effective, and transparent way for investors to engage with Canadian companies via the U.S. markets[3].
Chris Kearns, Global Head of Depositary Receipts at BNY, expressed that the ADR program serves as a strategic convenor in facilitating global investment flows, reinforcing BNY's role in the process[4]. The anticipated Canadian issuers will span a diverse range of sectors and industries, including natural resources, technology, financial services, and consumer goods[5].
The ADRs will trade on established U.S. markets and settle through the familiar and liquid U.S. market infrastructure[6]. This initiative showcases the diversity of Canada's capital markets and responds to the growing global demand for exposure to these sectors[7]. In addition, the ADRs will offer efficiencies of domestic trading, such as transparent pricing, enhanced liquidity, and streamlined clearing and custody[8].
BNY Mellon anticipates opening additional unsponsored ADR programs with Canadian issuers in the coming months, expanding the range of investment opportunities for U.S. and global investors[9]. The ADR programs will be available in various sectors, demonstrating the breadth of Canada's capital markets and BNY's commitment to innovation in capital market access[10]. The launch of ADRs on certain Canadian issuers underscores BNY's role as a strategic partner in facilitating cross-border capital access and global market connectivity[11].
Investors can access the ADRs through BNY's Depositary Receipts platform, which enables access to foreign securities for U.S. investors[12]. The ADR programs offer a meaningful advancement in cross-border capital access and global market connectivity, empowering both investors and issuers[13]. This move by BNY Mellon underscores the increasing global demand for exposure to Canada's capital markets and the bank's continued commitment to meeting that demand.
[1] The Bank of New York Mellon Corporation plans to launch unsponsored American Depositary Receipt (ADR) programs with Canadian issuers in sectors and industries including natural resources, technology, financial services, and consumer goods. [2] The Bank of New York Mellon Corporation has announced the opening of an unsponsored American Depositary Receipt (ADR) program for a leading Canadian supermarket chain. [3] Chris Kearns, Global Head of Depositary Receipts at BNY, stated that the ADR program provides global investors with a seamless, cost-effective, and transparent way to engage with Canadian companies via U.S. markets. [4] The launch of ADRs on certain Canadian issuers reinforces BNY's role as a strategic convenor in facilitating global investment flows. [5] The anticipated issuers span various industries, including but not limited to natural resources, technology, financial services, and consumer goods. [6] These ADRs will settle through established U.S. market infrastructure. [7] The increasing global demand for exposure to Canada's capital markets is underscored by BNY's launch of ADR programs. [8] The efficiencies of domestic trading, including transparent pricing, enhanced liquidity, and streamlined clearing and custody, are provided by these ADRs. [9] BNY Mellon expects to open additional unsponsored ADR programs with Canadian issuers in the coming months. [10] BNY's ADR programs will be available in various sectors such as natural resources, technology, financial services, and consumer goods, showcasing the diversity of Canada's capital markets. [11] The launch of ADRs on certain Canadian issuers reinforces BNY's role as a strategic partner in facilitating cross-border capital access and global market connectivity. [12] BNY's ADR platform enables access to foreign securities for U.S. investors through a familiar and liquid structure. [13] BNY's ADR programs offer global investors a meaningful advancement in cross-border capital access and global market connectivity, empowering both investors and issuers through innovation in capital market access.
- The Bank of New York Mellon Corporation's unsponsored American Depositary Receipt (ADR) programs will enable investors to engage in cross-border investing opportunities in various business sectors such as natural resources, technology, financial services, and consumer goods.
- The launch of American Depositary Receipt (ADR) programs by the Bank of New York Mellon Corporation will serve as a strategic means for facilitating global investment flows in a cost-effective, transparent, and seamless manner across diverse business domains.
