EUROBOND EMISSION

Uzbekistan is considering the issuing of a new tranche of Eurobonds in 2020. The Deputy Minister of Finance of the country, Ahadbek Haydarov, has informed “Gazeta.uz” about this.

According to him, the decision to issue a sovereign debt – Eurobonds, will be made depending on the market situation and the needs of the budget.

“We are preparing [to issue Eurobonds] for at least $ 500 million. If we go to the capital market, it will be at least for $ 500 million”, he noted.

Uzbekistan will use Eurobonds as a tool for positioning and valuing the country on the international market, said the head of the International Finance Corporation's representative agncy in Tashkent, Zafar Khashimov, at the presentation of the report on the diagnosis of the private sector in Uzbekistan on February 18, 2019.

Korzinka.uz founder - Zafar Khashimov, comments on the statement of investment adviser Rainer Michael Price that after issuing Eurobonds, Uzbekistan may be in crisis in emerging markets.

The entrepreneur called this “utter nonsense” and noted that bonds for $ 300 million and even several times more, could do nothing for the Uzbek economy in either a positive or a negative direction.