Clearstream, the international central securities depository (ICSD) of Deutsche Börse Group, opened a Euro route to the Romanian bond market.

BRD Groupe Société Générale acts as local depository partner for Clearstream, connecting in turn to the Romanian central securities depository (CSD), Depozitarul Central.

International investors can now invest directly in EUR-denominated government and corporate bonds via their existing Clearstream account. Leveraging Clearstream’s renowned ICSD infrastructure for settlement and safekeeping, they benefit from efficiency at international standards with reduced cost.

At the same time, Romanian issuers benefit from improved liquidity in the domestic capital market and increased attractiveness within the international market.

The inclusion of EUR-denominated bonds complements Clearstream’s existing scope of eligible securities in the Romanian capital market, underpinning the growing issuance activity in banking and energy sectors. Romanian government bonds, municipal, and corporate bonds denominated in the local currency, Romanian Leu (RON), are already eligible in Clearstream, as well as Romanian equities, investment funds and exchange-traded funds (ETFs) via its link to Depozitarul Central.

Jan Willems, Head of Global Markets at Clearstream, commented:

“We are thrilled to open the Euro investment route to the Romanian bond market. This initiative is the result of Clearstream’s longstanding relationship with our local partners, to align the needs of the Romanian market with those of the international capital market community. It underlines Clearstream’s and Deutsche Börse Group’s commitment to bring European capital markets closer together.”

Silvia Buicanescu, CEO at Depozitarul Central, commented:

“We welcome Clearstream’s decision to include the Romanian EUR-denominated bonds in the scope of eligible securities in the Romanian capital market. This extension was expected with great interest by Romanian issuers and intermediaries and we are glad that their request was taken into consideration with priority by Clearstream. It is a clear sign of the increasing interest of foreign investors in our capital market.

The excellent collaboration between Depozitarul Central, Clearstream and BRD highlights the shared commitment to supporting the growth of cross-border operations and facilitating investors’ access to a diverse range of Romanian securities, thus contributing significantly to strengthening the position of the Romanian capital market on the European stage.”

Claudiu Cercel, Deputy CEO at BRD Groupe Société Générale in charge of Financial Markets commented:

“This initiative marks an important milestone in enhancing Romania’s financial market connectivity with international investors. By partnering with Clearstream, we are proud to support increased liquidity and accessibility for Romanian bonds, further contributing to the development and attractiveness of the local capital market. At BRD, we have continuously invested in our systems, ensuring we meet the highest international standards and facilitate such significant market evolutions.”