Uzbekistan
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Investors crowd in after rally of more than 120bp since October -
The primary market is in good shape after well-received US inflation data on Wednesday
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With Russian and Ukrainian issuers out of the picture, Uzbekistan is likely to dominate CIS bond volumes
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Agrobank has clearly paid attention to investor feedback since the summer but in stalling its new issue it risks losing its audience
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Helping the issuer will be a new bond from the Uzbek sovereign earlier this month
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Country is the first EM sovereign so sell a local currency green bond overseas
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Sovereigns tipped to sit out regional revival
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Uzbekistan plans a dollar and som deal next week and others are lining up
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Appointment of BTIG as sole lead raised questions among EM bond market praticipants
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The state-owned bank's deal is expected to print next week
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Uzbekistan re-entered the international bond markets on Monday for its third ever issue. The dual currency bond it was marketing aimed at drawing in the widest possible investor base, market participants said
