Uzbekistan places Eurobonds totaling $1.5 bln in three currencies on int'l markets

TASHKENT. May 22 (Interfax) - Uzbekistan has placed Eurobonds for the first time in three currencies at once, in euros, in dollars, and in UZS, on international markets, the press service of the country's Economic and Finance Ministry said.

"The latest sovereign international bonds of the Republic of Uzbekistan, totaling around $1.5 billion, were placed on global financial markets on May 21, for the first time in three currencies," the press service said.

The press service's data indicate that the coupon rate on the 7-year bonds totaling $600 million is 6.9% per annum, the coupon rate on the 3-year bonds totaling 600 million euros is 5.375% pa, and the coupon rate on the on the 3-year bonds totaling UZS 3 trillion is 16.625% pa.

The Uzbek government intends to use funds raised from the placement to cover the federal budget deficit and to finance sustainable development goals, the press service said.

The official exchange rate as on May 22, 2024, is UZS 12,708.86/$1.