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Euroclear Bank, the Brussels based international central securities depository (ICSD) and the Turkish Ministry of Finance have achieved a market first, with the imminent launch of a Euroclearable link to enable international investors unprecedented access to the local government bond market.
Countries achieving Euroclearability can potentially benefit in a number of ways, including foreign investors accessing the local market in a more secure and standardised way, local issuers have enhanced access to wider liquidity pools and can realise a potential reduction in the overall volatility of borrowing costs. According to a PwC study released last year, for countries that have recently obtained Euroclearability, the potential gain from lowering borrowing costs is...
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