alleryStart learning →A privately placed ADR under SEC Rule 144A may be issued only to which investors?
AQualified institutions only
BAny retail investor
COnly the issuer's staff
DOnly commercial banks
Answer & Solution
Correct answer: A. Qualified institutions only
Rule 144A makes the issue a private placement restricted to qualified institutional buyers.
Keep practising International Financial Management
Browse all International Financial Management questions for CA Final, or explore more Strategicfinancialmanagement topics.
Related questions
Which international unit is a well-known purchasing power adjustment?Which statement describes relative PPP?Compared with the PPP exchange rate, the market exchange rate is generally what?Why does PPP use a basket of goods rather than a single good?Purchasing power parity is based on which principle?Which two depositories hold most eurobonds?Eurobonds arose partly as a reaction to which US measure from the 1960s?The eurobond market was traditionally centred in which city?