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- Clearstream is the first ICSD to offer these services
- First accepted RON-denominated municipal bond will be issued by the city of Bucharest and have a value of up to EUR 500 million
- Raiffeisen Bank Romania is the Lead Manager and Bookrunner, while BT Securities is the Manager
- Bancpost is the local custodian
A recent change in regulation now enables Clearstream to offer settlement and custody for municipal bonds in Romania. Clearstream is the first international central securities depository (ICSD) to offer this service in the country through an indirect link to the Depozitarul Central, the Romanian CSD, via its custodian Bancpost. The indirect link complements Clearstream’s direct link to the...
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