On May 27, the Ukrainian market will get link with Clearstream international central securities depository through an account opened by the depositary of the National Bank of Ukraine.
As reported on the website of the National Bank, this will increase the availability of Ukrainian government securities in hryvnia for foreign investors, as it will reduce their operating costs.
As a result, the National Bank expects growth in demand for domestic government bonds, increasing their liquidity and attractiveness in the international capital market, as well as reducing the borrowing cost.
In addition, an improvement in the national debt currency structure is expected due to an increase in the share of financing in hryvnia, as well as an increase in the effectiveness of the monetary policy of the National Bank.
It is noted that the correspondent bank, as well as an account operator in Ukraine will be Citibank.
As The Journalist reported, Ukraine will join Clearstream international depository system in 2019.
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