fbpx
Size of letters 1x
Site color
Image
Additionally
Line height
Letter spacing
Font
Embedded items (videos, maps, etc.)
 

Ukraine opens up for investment into UAH denominated sovereign bonds

31/ 05/ 2019
  Until now the access of foreign investors to Ukrainian local sovereign bonds was possible but involved burdensome legal and administrative formalities. This is in marked contrast to the access available to foreign investors in Ukrainian sovereign Eurobonds, which circulate on international capital markets outside of Ukraine. On 27 May 2019, Clearstream Banking S.A. opened a direct securities account at the National Bank of Ukraine, acting as a central securities depository for Ukrainian sovereign and municipal securities, including sovereign bonds of internal and external borrowings, GDP-linked warrants and municipal bonds. Clearstream’s customers worldwide will benefit from easier and simpler access to Ukrainian hryvnia-denominated sovereign bonds, and the Ukrainian economy will benefit from access to the larger investor base, new sources of financing the state budget at reduced cost, and free from currency risks. Settlements for the Ukrainian hryvnia-denominated sovereign bonds will be possible through the international central securities depository (ICSD), so reducing transaction and timing costs for foreign investors. Clearstream appointed JSC “Citibank” as its account operator of the direct securities account with the National Bank of Ukraine. If you would like to know more about the subject covered in this publication, or our services, please contact Olexiy Soshenko olexiy.soshenko@redcliffe-partners.com or Olena Polyakova olena.polyakova@redcliffe-partners.com.

Until now the access of foreign investors to Ukrainian local sovereign bonds was possible but involved burdensome legal and administrative formalities. This is in marked contrast to the access available to foreign investors in Ukrainian sovereign Eurobonds, which circulate on international capital markets outside of Ukraine.

On 27 May 2019, Clearstream Banking S.A. opened a direct securities account at the National Bank of Ukraine, acting as a central securities depository for Ukrainian sovereign and municipal securities, including sovereign bonds of internal and external borrowings, GDP-linked warrants and municipal bonds. Clearstream’s customers worldwide will benefit from easier and simpler access to Ukrainian hryvnia-denominated sovereign bonds, and the Ukrainian economy will benefit from access to the larger investor base, new sources of financing the state budget at reduced cost, and free from currency risks. Settlements for the Ukrainian hryvnia-denominated sovereign bonds will be possible through the international central securities depository (ICSD), so reducing transaction and timing costs for foreign investors. Clearstream appointed JSC “Citibank” as its account operator of the direct securities account with the National Bank of Ukraine.

If you would like to know more about the subject covered in this publication, or our services, please contact Olexiy Soshenko olexiy.soshenko@redcliffe-partners.com or Olena Polyakova olena.polyakova@redcliffe-partners.com.

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Start
in the Telegram bot
Read articles. Share in social networks
0 Shares

Spelling error report

The following text will be sent to our editors: