03 April 2019 year
Uzbekistan placed 5 - and 10-year sovereign international bonds worth $1 billion on the world financial markets in February 2019.
Uzbekistan placed 5 - and 10-year sovereign international bonds worth $1 billion on the world financial markets in February 2019.
According to a presidential resolution, funds raised from the sale of bonds will be distributed within the following purposes:
- $889.2 million will be placed on deposit accounts of commercial banks through auction;
- $20 million will be issued as a debt to JSCB Agrobank;
- $89.9 million will be issued as a loan to the state enterprise "Navoi mining and metallurgical combine".