Clearstream has opened a Euro route to the Romanian bond market. The firm reveals in a press release that the move “complements Clearstream’s existing scope of eligible securities in the Romanian capital market, underpinning the growing issuance activity in banking and energy sectors”.
International investors can now invest directly in Romanian government and corporate bonds denominated in Euro through their existing Clearstream accounts. Simultaneously, Romanian issuers can expect to “benefit from improved liquidity in the domestic capital market and increased attractiveness within the international market”.
Romanian government, municipal, and corporate bonds denominated in Romanian Leu (RON), as well as Romanian equities, investment funds, and exchange traded funds (ETFs) are already eligible in Clearstream through the firm’s link to Romanian CSD Depozitarul Central.
The newly available Euro-denominated bonds were made possible with BRD Groupe Société Générale acting as the local depository partner for Clearstream, connecting to Depozitarul Central.