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Global Depositary Notes (GDNs)

A Global Depositary Note (GDN) is a debt instrument created by a depositary bank, such as Citibank, that evidences ownership of a local currency-denominated debt security. GDNs emulate the terms (interest rate, maturity date, credit quality, etc.) of particular local currency-denominated bonds; however, they trade, settle, and pay interest and principal in U.S. dollars, and are DTC/Euroclear/Clearstream eligible.

To learn more about GDNs, click here.

To request copies of GDN Terms & Conditions, please email

Click on flag to access a current list of GDN programs for that country.

For a master list of matured GDNs from all countries, click here.

For a master list of GDNs from all countries, click here.

Product Management & Intermediary Distribution

Global and Latam
Justin Karol+1-212-723-5316
Georgina Novelli+1-212-723-5254
Group Line+1-212-723-5539
Aliya Iskakova+44-20-7508-4073
Valentina Chuang+852-2868-7959


The above information is being provided solely for information purposes by Citi. At the time of publication, this information was believed to be accurate, but Citi makes no representation or warranty as to correctness of the information set forth above. The above information does not constitute a recommendation, solicitation or offer by Citi for the purchase or sale of any securities, nor shall this material be construed in any way as investment or legal advice or a recommendation, reference or endorsement by Citi.