Kazakhstan is developing a direct link with Euroclear for the settlement of government bonds.
The link – expected in 2027 – will enable foreign investors to settle transactions in Kazakh government bonds through Euroclear’s international central securities depository, in addition to the existing channel via Clearstream.
The National Bank, which owns a majority of the CSD, said the initiative is expected to boost liquidity and depth in the government bond market, reduce infrastructure barriers and transaction costs, and enhance Kazakhstan’s appeal to international investors.
