BondVision, the Internet-based multi- dealer to institutional client market owned by MTS, has added 11 Central European issuers to its listings.
BondVision says the expansion is due to client demand, and accompanies the listing of certain of these securities on NewEuroMTS, its parent’s market for issuers from the EU Accession States. By including these bonds, BondVision will promote a more cohesive European marketplace for investors.
From toady, euro-denominated bonds issued by Bulgaria, Croatia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia and the Ukraine will be available on BondVision. In addition, US dollar-denominated bonds from Bulgaria, Poland and the Ukraine and local currency bonds from the Czech Republic, Hungary, Poland and Slovakia will also be available on the BondVision market. Initially, Banca Caboto, Commerzbank, Dresdner Kleinwort Wasserstein, ING, JP Morgan, Lehman Brothers and UBM will offer liquidity, with more dealers scheduled to join.
“We are pleased to support BondVision in order to broaden the number of investors who can effectively trade in Central European bonds,” says Lorenzo Stanca, Head of Fixed Income and Forex Markets at UBM, which has a considerable presence in Central Europe through direct participation in local banks. “BondVision is already providing clients with efficient means to trade EU area bonds and will now bring this opportunity to another sector of the marketplace.”
Stefan Grnwald, CEE Fund Manager, Raiffeisen Capital Management, also welcomed the listing of Central European bonds on BondVision. “They represent a substantial percentage of our assets under management,” he says. “In addition, it is perfect timing, given the EU enlargement, to have them available together with an already comprehensive list of euro-denominated bonds, which includes fixed, index-linked, floating and zero coupons.”
BondVision offers investors access to the liquidity of MTS free of charge.