Posts Tagged ‘ADR in microfinance’

Microfinance Focus, Dec. 1, 2009: Financiera Independencia, a Mexican microfinance institution, has launched a sponsored Level I American Depositary Receipt (ADR) program in the United States. BNY Mellon has been appointed as the Company's depositary bank to administer the ADR program. Each ADR represents 15 shares of Independencia common stock and will begin trading over-the-counter (OTC) effective Nov. 30, 2009. Independencia's common shares are listed and ... Full story