Baku, Azerbaijan, Sept. 13
By Fakhri Vakilov - Trend:
The leadership of the Central Bank of Uzbekistan has discussed cooperation on the issue of issuing bonds in the national currency (soum) on the international market with the delegation of the Asian Development Bank (ADB), Trend reports citing the press service of the Central Bank.
A meeting with the ADB delegation took place on September 12, led by bank treasurer Pierre Van Peteghem, which discussed cooperation in the field of issuing bonds in soums on international markets.
In particular, the parties considered ADB assistance in financing projects through the issuance of offshore bonds linked to local currency.
In mid-February, Uzbekistan issued debut Eurobonds with a maturity of five and ten years with a total volume of $ 1 billion with a yield of 4.75 and 5.375 percent per annum, respectively.
The issue was divided into two tranches of $500 million maturing in 2024 and 2029. According to the Ministry of Finance of Uzbekistan, demand for Eurobonds exceeded $8.5 billion.
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