BAKU, Azerbaijan, Oct. 31
By Klavdiya Romakayeva - Trend:
UzAuto Motors JSC is considering the possibility of expanding financing opportunities by issuing Eurobonds in 2021, Trend reports referring to the Single portal of corporate information.
The company noted that the volume of the issue may amount to $300 million. The maturity period is 5-7 years. The company plans to place Eurobonds on the London Stock Exchange.
The company has now begun accepting proposals. It is expected that from December 2020, the winning legal adviser will start work keeping in touch with the London Stock Exchange and advising on various issues.
A written proposal with respect to the proposed offering should be submitted by email till November 6, 2020, till 17:00 (GMT +5) and should be in English language and include the capabilities to support the execution of the offering, with a focus on the relevant credentials and track record in similar offerings as well as key differentiating factors.
“Uzautomotors” Joint-Stock Company, is the largest car manufacturer in the region, producing passenger vehicles under “Chevrolet” brand in alliance with General Motors being 100 percent owned by the government through “Uzautosanoat” JSC that holds 85 companies, engaged in OEM vehicle production, parts, and component production, financial and educational activities with an annual production output of 300 thousand motorized vehicles and turnover of more than $4 billion.
“Uzautomotors” has successfully established long-lasting partnerships with General Motors and many others.
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