TASHKENT, Uzbekistan, July 23. Uzbekistan's Uzpromstroybank placed regular international bonds in Reg S and 144A formats in US dollars and Uzbek soums on the main market of the London Stock Exchange, Trend reports.
According to the bank, negotiations were held in London this year with 60 reputable investors, such as Morgan Stanley ($5.4 trillion under management), Fidelity ($4.9 trillion), Goldman Sachs Asset Management ($2.7 trillion), Amundi ($2.8 trillion), and LGIM ($1.2 trillion).
The bank's management provided presentations for investors with information about the consistent social and economic reforms in Uzbekistan, the banking and financial system and the bank's role in it, as well as its key indicators.
Furthermore, in the bidding process for the placement of the bank's international bonds, offers were received from more than 70 investors from 21 countries in the amount of over $900 million. Of these, a total of $400 million and 2.25 trillion soums ($178.7 million) of funds were raised.
Funds received from the placement of attracted foreign investments - international bonds on the London Stock Exchange will serve to expand financing of promising green, stable, and social projects of the bank's clients.
Meanwhile, Uzpromstroybank, for the first time in the history of Uzbekistan, placed corporate securities on the international capital market in 2019 and, in 2023, the first green bonds among the banks of Uzbekistan.