Uzbekistan issued $1.5 billion in sovereign international bonds, receiving total orders of $4.2 billion due to strong investor demand. Bonds included 7-year US dollar, 4-year euro, and 3-year soum bonds, with various interest rates. Proceeds aim to fund budget deficits, housing, and infrastructure projects while supporting green initiatives, aligning with Sustainable Development Goals.
Uzbekistan has successfully placed a new round of sovereign international bonds valued at approximately $1.5 billion in global financial markets. This announcement, made on February 18 and 20, highlighted strong investor demand, with total orders amounting to $4.2 billion across various currencies. Notable interest was observed from investors based in London.
The bond issuance included: 7-year US dollar bonds with $2 billion in orders, 4-year euro bonds with €1.6 billion in orders, and 3-year bonds denominated in Uzbek soums with UZS 7.3 trillion in orders. The issued bonds exhibited attractive interest rates: 7-year US dollar bonds totaling $500 million were placed at 6.95%, while 4-year euro bonds, valued at €500 million (around $525 million), were issued at 5.1%.
Uzbekistan’s recent issuance of sovereign international bonds reflects strong investor confidence and provides funding for key government projects, including budget support, housing, education, and infrastructure. The integration of green bonds emphasizes the country’s commitment to sustainable development. The issuance sets a benchmark for future corporate borrowing, showcasing the importance of government debt in financial markets. Overall, these efforts enhance Uzbekistan’s economic landscape and support its Sustainable Development Goals initiatives.
Original Source: daryo.uz
