SGX, Thai stock exchange to introduce new Depository Receipts
On 30 May, investors can trade SDRs representing securities in the SET50 index locally.
The SGX Group and the Stock Exchange of Thailand will be launching the new Singapore Depository Receipts (SDRs) under the Thailand-Singapore DR Linkage on 30 May.
Investors can trade their SDRs via local brokers on the SGX securities market during local trading hours and in Singapore dollars.
Phillip Securities will issue the inaugural SDRs representing the beneficial ownership interest in the underlying securities of Airports of Thailand, CP All, and PTT Exploration and Production, all included in the benchmark SET50 Index.
Loh Boon Chye, SGX Group CEO, said that the SDRs "will spur increased participation across borders and create more vibrancy in our capital markets."