Clearstream to include Kazakh government bonds
19 January 2018 Astana
Image: Shutterstock
Clearstream is set to introduce local government securities of the Republic of Kazakhstan into its international clearing system within the first half of 2018.
The initiative, which is partnership with National Bank of Kazakhstan will allow government securities, including short-term notes of the national bank to be cleared with the aim of expanding the access of foreign investors to the Kazakh stock market and subsequently increase liquidity.
According to Clearstream, the rollout of the settlement system for government bonds through clearing house will enlarge the country鈥檚 long-term funding sources, reduce the cost of borrowing for the government, and will positively impact the yield curve formation and development of the Kazakhstan stock market.
Philip Brown, co-CEO of Clearstream Banking, said: 鈥淭his cooperation is in line with our broader strategy in the Commonwealth of Independent States and Central Asian region.鈥�
鈥淔or more than 20 years, we have enabled emerging capital markets in the region to connect to international investors, increasing their investment appeal by providing a low-risk, efficient post-trade environment.鈥�
鈥淭his strategy has already proven successful in Armenia and Georgia and we are convinced that we will be able to provide the same benefits to the Kazakh capital markets.鈥�
The initiative, which is partnership with National Bank of Kazakhstan will allow government securities, including short-term notes of the national bank to be cleared with the aim of expanding the access of foreign investors to the Kazakh stock market and subsequently increase liquidity.
According to Clearstream, the rollout of the settlement system for government bonds through clearing house will enlarge the country鈥檚 long-term funding sources, reduce the cost of borrowing for the government, and will positively impact the yield curve formation and development of the Kazakhstan stock market.
Philip Brown, co-CEO of Clearstream Banking, said: 鈥淭his cooperation is in line with our broader strategy in the Commonwealth of Independent States and Central Asian region.鈥�
鈥淔or more than 20 years, we have enabled emerging capital markets in the region to connect to international investors, increasing their investment appeal by providing a low-risk, efficient post-trade environment.鈥�
鈥淭his strategy has already proven successful in Armenia and Georgia and we are convinced that we will be able to provide the same benefits to the Kazakh capital markets.鈥�
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