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Deutsche Bank today announced its appointment as issuing & paying agent for the debut Global Medium Term Note program of Tourism Development & Investment Company (TDIC).

TDIC is a master developer of leading tourism real estate assets within Abu Dhabi. The company is charged with assisting the provision of a world-class infrastructure which will fulfil the emirate’s ambitions of becoming a truly global destination of distinction.

Andrew Leamon, Director of Global Debt Services (GDS) at Deutsche Bank in Dubai, said, “We are very pleased to have been selected by TDIC as issuing & paying agent for their debut GMTN program. This is the second GMTN program we have been appointed to manage this year by an Abu Dhabi based entity and we look forward to providing a first class service to both the issuer and international investors.

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