Uzbekistan

The Republic of Uzbekistan is seeking to capitalise on a successful dual currency bond it sold just months ago, by returning to the bond market to sell a dollar and Uzbek som bond that also includes a sustainable element.

GlobalMarkets: How is Uzavtosanoat benefitting from the economic reforms in the country?

GlobalMarkets: SQB has been identified as an upcoming privatisation candidate. That usually requires a lot of work to get an institution ready for that process. What is SQB doing to prepare itself?

GlobalMarkets: With such a large share of the mortgage market, it doesn’t seem you have much of an impetus to expand your product offerings?

The country’s pursuit of achieving a more sustainable and equitable society has coincided with an ambitious economic reform agenda that, together, are delivering results

Uzbekistan is committed to improving its productive capacity and institutional strength on the way to achieving sustainable economic development.

GlobalMarkets: Your president has made it clear that he expects the country’s banks to improve their efficiency as part of the overall economic liberalisation programme. What is the NBU doing to accomplish this task?

An ambitious and multifaceted reform programme is underway to take an already sound economy and open it to international markets

UzAuto Motors, an auto maker owned by the Uzbek state, entered the dollar bond market on Tuesday for its debut deal.

Diversification has taken hold in central Asia's Uzbekistan, which over the last two years has started its pivot towards international capital markets. According to sources, a plethora of debut deals is expected to hit markets in coming months.

UzAuto Motors, a car maker owned by the Uzbek government, has raised its debut syndicated loan from European lenders. The deal is one of many over the last year that have opened up Uzbekistan’s borrowers to international capital markets.

The Republic of Uzbekistan, which debuted in international debt markets just last year, sold a dual currency bond this week, as foreign investors eyed up an Uzbek som tranche.