Ukraine will join the international securities depository Clearstream in 2019, which will open access for foreign investors to Ukrainian government bonds, the press service of the National Bank of Ukraine (NBU) reports.
“Clearstream, the international central securities depository (ICSD) of Deutsche Borse Group, is teaming up with the National Bank of Ukraine to make Ukrainian government securities eligible in Clearstream’s system. The linkage to the Ukrainian market is scheduled to launch in the first quarter of 2019,” reads the report.
It is noted that this step will enable settlement of all government bonds denominated in the local currency hryvnia through the international system of Clearstream, improving efficiency at international standards while reducing costs for investors.
