Baku, Azerbaijan, July 11
By Fikret Dolukhanov – Trend:
Uzbekistan is planning to obtain a sovereign rating and issue debut Eurobonds by the end of 2018, Uzbek media reported citing First Deputy Chairman of the Central Bank of Uzbekistan Timur Ishmetov.
He added that the Finance Ministry of Uzbekistan is working on attracting a consultant to obtain the international rating.
Ishmetov, at the same time, did not disclose the expected amount of Eurobonds to be issued.
The Uzbek authorities earlier said that the possible volume of issuance of Eurobonds is $0.2-1 billion.
On June 30, the International Finance Corporation (IFC) placed the third issue of Samarkand Bonds, nominated in Uzbek soums, on the London Stock Exchange (LSE).
The total volume of the issue amounted to 80 billion soums, with maturity period of 2 years and a coupon rate of 9.45 percent per annum.
(7813.42 soums = $1 on July 11)
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