The Bank of New York (BoNY) was the leading bank in the depositary receipt (DR) market during the first six months of 2004, closing 41 of 64 DR programs giving the bank a 64% market share. The bank?s deals range across the globe with 42% from the Asia-Pacific region, 32% from Europe, 20% from Latin America and 6% from the Middle East and Africa.
Over the last six months, 23 non-US companies raised capital with DRs valued at over $3.3
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