Clearstream has launched a new Euro investment route to the Romanian bond market. This initiative aims to streamline access for international investors to EUR-denominated government and corporate bonds through Clearstream’s established platform, offering a seamless process for settlement and safekeeping.
The partnership with BRD Groupe Société Générale as the local depository partner enables Clearstream to connect directly to Romania’s central securities depository (CSD), Depozitarul Central. With this new link, international investors can now easily invest in Romanian bonds via their existing Clearstream accounts, benefiting from reduced costs and enhanced efficiency that align with global market standards.
Clearstream Euro Investment Route to Boost Romania’s Bond Market
This move is going to bolster liquidity in Romania’s domestic capital market while increasing its appeal to international investors. It complements the existing array of securities eligible for Clearstream’s services, which already includes Romanian government bonds, municipal and corporate bonds denominated in Romanian Leu (RON), as well as Romanian equities, investment funds, and exchange-traded funds (ETFs).
Jan Willems, Head of Global Markets at Clearstream, expressed enthusiasm about the new development, emphasizing the company’s commitment to strengthening the integration of European capital markets. “We are happy to open the Euro investment route to the Romanian bond market, which demonstrates Clearstream’s long-standing relationship with local partners and our efforts to align Romanian market needs with international standards,” said Willems.
Silvia Buicanescu, CEO at Depozitarul Central, echoed this sentiment, stating that the inclusion of EUR-denominated bonds was eagerly due to Romanian issuers and intermediaries. She highlighted the collaboration between Depozitarul Central, Clearstream, and BRD as essential in fostering cross-border operations and enhancing investor access to Romanian securities.
Claudiu Cercel, Deputy CEO at BRD Groupe Société Générale, also lauded the initiative, noting that it marks a significant step in improving Romania’s financial market connectivity and boosting its attractiveness on the European stage.
Also, stay updated with the Latest Broker News.