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The international central securities depositories (ICSDs) Clearstream Banking S.A. and Euroclear Bank SA/NV have appointed China Construction Bank (Asia) Corporation Limited (CCB (Asia)) as common depository, safekeeper and service provider for their international debt securities, also known as Eurobonds.
The two ICSDs act jointly as the central hub of issuance and deposit for Eurobonds. They work with a number of large financial institutions acting as common depositories to support issuers across the globe. As a result, issuers benefit from greater investor reach by leveraging the ICSDs’ international client bases and multi-currency model. This international issuance model is supported by an interoperable link allowing clients to settle cross-border transactions...
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