REUTERS
Non-residents' investments in government domestic loan bonds in January-May 2019 grew by 6.5 times.
The Ukrainian market on May 27 was connected to Clearstream, the international central securities depository (ICSD) of Deutsche Börse Group, via an account opened at the depository of the National Bank of Ukraine (NBU).
"From today, foreign investors can buy Ukrainian government securities and handle payment for them via the Clearstream international depository's system," the NBU press service reported.
Read alsoUkraine redeems five-year eurobonds worth $1 bln under U.S. guarantees
Connection to Clearstream facilitates foreign investors' access to hryvnia-denominated government securities, as well as reduces their operating expenses for payment.
According to the NBU, this step will contribute to the growth of demand for Ukrainian government bonds, which will allow the Ukrainian authorities to expand sources of long-term financing, cut borrowing costs, reduce the state's demand for external financing and minimize currency risks.
As UNIAN reported, non-residents' investments in government domestic loan bonds in January-May 2019 grew by 6.5 times, to UAH 41.4 billion, or US$1.57 billion.