Ministry of Treasury and Finance agreed with the Euroclear Bank, one of Europe's largest securities depositories, to provide depository services for Turkey's government domestic debt instruments.
Thanks to the agreement, international investors can now directly invest in Turkish government bonds without using a correspondent bank.
Minister of Treasury and Finance Berat Albayrak said, “This is an important milestone. Our steps towards adaptation of capital markets with international standards within the scope of Istanbul Finance Center targets are continuing. Thanks to our cooperation with Euroclear, foreign investors will have easier access to our TRY, foreign currency, and gold denominated bonds."
“Being able to tap into the liquidity provided by international investors through Euroclear is important for the continued development of our local debt markets," he added.