Ukraine joins securities depository Clearstream

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Ukraine joins international securities depository Clearstream in boost to government bond market, writes UkraineInvest Chairman Daniel Bilak.

International securities depository Clearstream and the National Bank of Ukraine (NBU) have signed a correspondent relations agreement, paving the way for the foundation of a domestic link between the NBU and Clearstream.

This development is expected to simplify foreign investor access to the Ukrainian securities market while increasing its attractiveness and liquidity. “This step will be the cornerstone of our upcoming access model for local Ukraine government bonds. We are looking forward to further accelerating our projects in Ukraine with our local partners,” commented Clearstream’s Jan Willems.

As reported, JPMorgan Chase&Co. buys Ukraine’s bonds worth US 350 mln dollars.

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