Euro Route to Romanian Bond Market Opened by Clearstream

The international central securities depository of Deutsche Börse Group explained that the development, achieved in partnership with BRD Groupe Société Générale and the Romanian central securities depository, Depozitarul Central, allows international investors to invest directly in Romanian government and corporate bonds through their existing Clearstream accounts.

The move is expected to enhance market access and liquidity for Romanian bonds, benefiting both international investors and local issuers. 

Clearstream said in a press release that investors can now leverage Clearstream’s infrastructure for settlement and safekeeping, ensuring efficiency at international standards while reducing costs.

Romanian issuers, in turn, gain improved market liquidity and enhanced appeal to global investors.

The inclusion of Euro-denominated bonds complements Clearstream’s existing services in Romania, which already include bonds in the local currency (RON), equities, investment funds, and ETFs. 

The new route is said to reflect the growing issuance activity in Romania’s banking and energy sectors.

Jan Willems, Head of Global Markets at Clearstream, remarked, “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 of Depozitarul Central, said the move is a “clear sign of the increasing interest of foreign investors,” while Claudiu Cercel, Deputy CEO at BRD Groupe Société Générale believes it “marks an important milestone in enhancing Romania’s financial market connectivity with international investors.”