Clearstream launches a Euro investment route, enhancing Romania’s bond market access for international investors and improving liquidity.
Clearstream launches a Euro investment route, enhancing Romania’s bond market access for international investors and improving liquidity.
Clearstream has expanded its services to the Romanian bond market, offering international investors a Euro investment route. In partnership with BRD Groupe Société Générale, acting as the local depository partner, Clearstream now connects directly to Romania’s central securities depository (CSD), Depozitarul Central.
This new initiative allows international investors to purchase EUR-denominated Romanian government and corporate bonds directly through their existing Clearstream accounts. Clearstream’s robust ICSD infrastructure ensures streamlined settlement and safekeeping, providing a cost-efficient solution that meets international standards. Moreover, this move enhances liquidity in the domestic capital market and boosts Romania’s appeal to global investors, benefiting Romanian issuers.
Including Euro-denominated bonds expands Clearstream’s range of eligible securities, including Romanian Leu (RON)- denominated government bonds, corporate bonds, municipal bonds, equities, investment funds, and exchange-traded funds (ETFs).
Furthermore, these are available via Clearstream’s link to Depozitarul Central, facilitating broader market access. Jan Willems, Head of Global Markets at Clearstream, expressed enthusiasm over the expansion: “We are thrilled to open the Euro investment route to the Romanian bond market. This initiative strengthens Clearstream’s ongoing commitment to connecting Romanian markets with the international capital market community.”
Silvia Buicanescu, CEO of Depozitarul Central, highlighted the positive impact of the new development, noting that it meets the growing demand from Romanian issuers and intermediaries. “This extension is a clear sign of increasing foreign investor interest in Romania’s capital market,” Buicanescu said.
Claudiu Cercel, Deputy CEO of BRD Groupe Société Générale, also emphasized the significance of the partnership. “By facilitating greater liquidity and accessibility for Romanian bonds, we are proud to contribute to the development and internationalization of Romania’s financial markets,” he said. This strategic collaboration between Clearstream, Depozitarul Central, and BRD significantly strengthens Romania’s position on the European financial landscape.
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