Clearstream opens euro route to Romanian bond market
15 January 2025 Romania
Image: Augustin_Lazaroiu/stock.adobe.com
Clearstream has opened a route to the Romanian bond market, allowing clients to invest directly in the region鈥檚 euro-denominated government and corporate bonds via their existing accounts with the firm.
To achieve this, BRD Groupe Soci茅t茅 G茅n茅rale will act as a local depository partner for Clearstream, connecting it to Depozitarul Central, the Romanian central securities depository (CSD).
Through its international central securities depository (ICSD) infrastructure for settlement and safekeeping, Clearstream aims to offer efficiency at international standards with reduced cost.
Romanian issuers can benefit from improved liquidity in the domestic capital market and increased attractiveness within the international market, according to the firm.
Jan Willems, head of global markets at Clearstream, says: 鈥淭his initiative is the result of Clearstream鈥檚 longstanding relationship with our local partners, to align the needs of the Romanian market with those of the international capital market community.鈥�
Romanian government, municipal, and corporate bonds denominated in the local currency, Romanian Leu (RON), are already eligible in Clearstream, as well as Romanian equities, investment funds, and exchange-traded funds via its link to Depozitarul Central.
鈥淏y partnering with Clearstream, we are proud to support increased liquidity and accessibility for Romanian bonds, further contributing to the development and attractiveness of the local capital market,鈥� says Claudiu Cercel, deputy CEO at BRD Groupe Soci茅t茅 G茅n茅rale in charge of financial markets.
Silvia Buicanescu, CEO at Depozitarul Central, adds: 鈥淭his extension was expected with great interest by Romanian issuers and intermediaries, and we are glad that their request was taken into consideration with priority by Clearstream. It is a clear sign of the increasing interest of foreign investors in our capital market.鈥�
To achieve this, BRD Groupe Soci茅t茅 G茅n茅rale will act as a local depository partner for Clearstream, connecting it to Depozitarul Central, the Romanian central securities depository (CSD).
Through its international central securities depository (ICSD) infrastructure for settlement and safekeeping, Clearstream aims to offer efficiency at international standards with reduced cost.
Romanian issuers can benefit from improved liquidity in the domestic capital market and increased attractiveness within the international market, according to the firm.
Jan Willems, head of global markets at Clearstream, says: 鈥淭his initiative is the result of Clearstream鈥檚 longstanding relationship with our local partners, to align the needs of the Romanian market with those of the international capital market community.鈥�
Romanian government, municipal, and corporate bonds denominated in the local currency, Romanian Leu (RON), are already eligible in Clearstream, as well as Romanian equities, investment funds, and exchange-traded funds via its link to Depozitarul Central.
鈥淏y partnering with Clearstream, we are proud to support increased liquidity and accessibility for Romanian bonds, further contributing to the development and attractiveness of the local capital market,鈥� says Claudiu Cercel, deputy CEO at BRD Groupe Soci茅t茅 G茅n茅rale in charge of financial markets.
Silvia Buicanescu, CEO at Depozitarul Central, adds: 鈥淭his extension was expected with great interest by Romanian issuers and intermediaries, and we are glad that their request was taken into consideration with priority by Clearstream. It is a clear sign of the increasing interest of foreign investors in our capital market.鈥�
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