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On 27 May 2019, Clearstream, the international central securities depository (ICSD) of Deutsche Börse Group, will connect the Ukrainian market to its network and make Ukrainian government securities eligible in its system. Citi will act as cash correspondent bank and local operator of Clearstream’s account at the National Bank of Ukraine (NBU). This step will enable settlement of all government bonds denominated in the local currency hryvnia through the international system of Clearstream, improving efficiency at international standards while reducing costs for investors.
This joint initiative should encourage an increase in demand for Ukrainian government bonds, boosting liquidity and their attractiveness in the international market. As a result, the Ukrainian...
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