Kazakh Government Bonds May Enter Euroclear Next Year
Photo: elements.envato.com
Kazakhstan plans to connect its government bonds to the Euroclear system next year, which should make it easier for foreign investors to access the domestic government securities market, Orda.kz reports.
According to the National Bank, a direct communication channel with Kazakhstan’s securities market infrastructure will be created for this purpose.
After that, foreign investors will be able to buy Kazakh government bonds directly through the global system, alongside the already existing route through Clearstream.the bank said.
The National Bank says the project should increase liquidity in the government securities market, reduce infrastructure barriers and operating costs, and raise foreign investor interest in Kazakhstan.
Euroclear is one of the world’s largest financial depositories. The company holds assets worth about 40.7 trillion euros, serves around 3,800 clients, and processes about 331 million transactions a year.
Original author: Saule Abdykamit
Read also:
- National Fund Assets Reach $64.6 Billion as Kazakhstan Cuts Withdrawals
- The National Bank Will Be Less Likely To Inform Kazakhstanis About Inflation
- How Much Savings Make A Kazakhstani Well-Off In Kazakhstan
Latest news
- Personal Data of Kazakhstanis Was Sold Online to Debt Collectors and MFIs
- Bolashak Scholarships Went to Students Who Did Not Meet the Criteria, Audit Says
- Nearly 20 Billion Tenge Was Spent on Expelled Students, Audit Says
- Kazakh Government Bonds May Enter Euroclear Next Year
- Kazakh Graduates Are Increasingly Working Outside Their Profession
- Kazakhstan Faces a Sharp Demographic Shift as the Population Ages
- Powerful Winds Cause Damage in Several Regions of Kazakhstan
- Kazakh Peacekeepers Organize Medical Aid Mission for Syrians Near the Golan Heights
- Prosecutors Warn Buyers of Illegal Sturgeon and Caviar Face Criminal Liability
- Progress MS-34 Launches From Baikonur Carrying More Than 2.5 Tons of Cargo to the ISS
- Tokayev Says the Stray Dog Problem Must Be Solved “Without Hype”
- Several Districts in North Kazakhstan Remain Under Flood Threat
- Almaty Covers Open Irrigation Channels as Part of Urban Renewal
- Tourist Boats Set to Resume Service on Astana’s Yesil River
- U.S. Embassy in Astana to Auction Cars, Furniture and Medical Equipment
- Promising New Oil Discovery Announced at Kashagan
- Prices for Basic Food Products Keep Rising in Kazakhstan as Regional Gaps Widen
- Kazakhstan Plans Unified Register for Military Draft Notices
- Village in Kyzylorda Region Flooded After Heavy Rainfall
- Europe’s New Sanctions Against Russia Again Affect Kazakhstan
