Uzbekistan issues nearly $1.5 billion in bonds on Global Financial Market
Uzbekistan has successfully placed its latest sovereign international bonds on global financial markets, with a total value of approximately $1.5 billion, the Ministry of Economy and Finance announced.
Orders for bonds denominated in US dollars, euros, and Uzbek soums were accepted in London from February 18 to 20.
The total volume of orders received for Uzbekistanʼs international bonds amounted to $4.2 billion, distributed as follows:
USD-denominated (7-year) bonds — $500 million, at an annual rate of 6.95%; EUR-denominated (4-year) bonds — 500 million euros ($525 million), at an annual rate of 5.1%; UZS-denominated (3-year) bonds — 6 trillion soums ($463 million), at an annual rate of 15.5%.
Proceeds from the bond issuance will be used to finance the 2025 state budget deficit, support the mortgage program, and fund social infrastructure projects.
EUR-denominated bonds, issued under the Green Bonds program, will specifically target environmental projects, water conservation technologies, and sanitation initiatives.
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