{"id":6537,"date":"2020-11-20T00:34:17","date_gmt":"2020-11-19T19:34:17","guid":{"rendered":"http:\/\/invest-in-uzbekistan.org\/?p=6537"},"modified":"2020-11-20T00:35:27","modified_gmt":"2020-11-19T19:35:27","slug":"uzbekistan-razmestit-dva-transha-evroobligatsij-na-750-mln","status":"publish","type":"post","link":"https:\/\/invest-in-uzbekistan.org\/en\/novosti-uzbekistana\/uzbekistan-razmestit-dva-transha-evroobligatsij-na-750-mln\/","title":{"rendered":"Uzbekistan will issue two tranches of Eurobonds for $750 million"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">On November 17, 2020, the Ministry of Finance of the Republic of Uzbekistan announced the placement of sovereign international bonds on the London Stock Exchange.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">In order to effectively organize the placement of sovereign international bonds, requests for proposals were sent to international investment banks and law firms, and the following underwriting banks, joint bookrunners and legal advisers were selected on a competitive basis:<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">underwriting bank &#8211; Citi (USA), J.P. Morgan \u0421hase \u201d(USA),\u201c Societe Generale \u201d(France),\u201c VTB Capital \u201d(Russia) and\u201c Gazprombank \u201d(Russia);<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">legal consultant &#8211; \u201cWhite &amp; Case LLP\u201d (Great Britain).<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">In addition, the Ministry of Finance took all the necessary measures to issue the next sovereign Eurobonds, including the preparation of a prospectus and other legal documents.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">On November 17-18, a roadshow took place, which included an international audio conference (Global Investor Call) with the participation of about 90 investors from the USA, Great Britain, Denmark, Australia and the United Arab Emirates, as well as individual virtual meetings with a dozen major investors. Detailed answers were given to their questions on monetary and fiscal policy, public debt dynamics, inflation targeting, and institutional reforms, including the fight against corruption.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 14pt;\">Financial consultants &#8211; underwriters (City, JP Morgan, Societe Generale, VTB Capital and Gazprombank), at the suggestion of investors, placed bonds for $ 750 million in two tranches &#8211; in dollars for a period of 10 years and in Uzbek sum &#8211; for a period of 3 years. Initial interest rates on the London Stock Exchange are around 4.25% and 15.25%, respectively.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>On November 17, 2020, the Ministry of Finance of the Republic of Uzbekistan announced the placement of sovereign international bonds on the London Stock Exchange. In order to effectively organize&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-novosti-uzbekistana"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/6537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/comments?post=6537"}],"version-history":[{"count":2,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/6537\/revisions"}],"predecessor-version":[{"id":6539,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/posts\/6537\/revisions\/6539"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media\/5600"}],"wp:attachment":[{"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/media?parent=6537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/categories?post=6537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/invest-in-uzbekistan.org\/en\/wp-json\/wp\/v2\/tags?post=6537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}