The National Bank of Ukraine has adopted a decision that will allow foreign investors to get direct access to marketable debt instruments aimed at Ukraine’s recovery. Starting on July 24, the list of clients and depositors the NBU can serve expands.
In particular, the NBU can open and maintain a nominal holder’s securities account for a foreign financial institution and an owner’s securities account for a foreign depository. This will connect Ukraine’s infrastructure with international financial markets to ensure access of foreign capital to Ukraine, opening the way for investment in financial instruments issued for reconstruction (local loan bonds, infrastructure bonds, bonds of international financial organizations, etc.).
The changes also expand the NBU’s cooperation with international central depository Clearstream Banking SA, allowing foreign investors to access the hryvnia-denominated government securities market directly. In addition, the amendments will ensure compliance with the provisions of the Memorandum on Economic and Financial Policy with the IMF.