Uzbekistan announced US$1bn
bond issue
The Ministry of Finance of the Republic of Uzbekistan successfully priced its inaugural US$1 billion which was formed by a dual US$500mm 4.750% tranche due February 2024 and a US$500mm 5.375% due February 2029.
GRATA International in China
Business Law Journal: Deals of the Year 2018
We are glad to announce that one of GRATA International’s successful projects has been selected as of the winners of China Business Law Journal: Deals of the Year 2018.
EBRD will support development of national capital market in
Uzbekistan
The EBRD supports the development and strengthening of local capital markets within the framework of the current reform program of Uzbekistan to ensure openness of the economy.
Central Bank of Uzbekistan raises
refinancing rate by 2 percentage
points
The decision was made taking into account changes in external conditions and is aimed at reducing inflationary pressure amid rising inflation expectations, growth in regulated prices and rising exchange rate pressure on prices, the bank said.
Shaimerden Chikanayev was
among the panellist at the IBA
ECA Forum 2018
On 5-7 September 2018, a IBA Europe-Caucasus-Asia Forum 2018 was held in Almaty.
Uzbekistan chose as its chief
financial consultant in obtaining a sovereign credit rating and issue ofsovereign bonds a consortium of
banks headed by J.P. Morgan
Chase
Uzbekistan attracted the largest US bank by assets and the world's largest bank by market capitalisation of JPMorgan Chase for advising in obtaining a sovereign credit rating and issuing sovereign bonds. This is stipulated by the presidential decree "On Additional Measures to Diversify Sources of External Financing".