The exchange and ACWA Power discussed a possible local share placement and the development of foreign-currency bonds and sukuk; no issuance or transaction was announced.
Representatives of the Republican Stock Exchange Toshkent and ACWA Power met on 17 August to review the company’s activities and energy projects in Uzbekistan, as well as ways in which local capital-market infrastructure could support broader investment opportunities.
The most specific issuer-related topic was the possible placement of ACWA Power securities on RSE Toshkent, with the discussion referring in particular to shares. The official release describes an exchange of views; it does not identify an issuer entity, transaction structure, offer size, timetable, advisers or investor process.
The exchange also presented work under way to broaden Uzbekistan’s financial-instrument set, including foreign-currency-denominated bonds and sukuk. These instruments were discussed as market-development opportunities for local and international issuers. The announcement does not state that ACWA Power selected either instrument or initiated an issuance.
From an investment-banking perspective, the dialogue is relevant because any eventual local capital-markets transaction by an international infrastructure sponsor would require a defined issuer perimeter, suitable corporate and governance arrangements, financial disclosure and an investor-distribution strategy. Those are preparatory considerations, not announced transaction facts. The stated outcome was a willingness to continue studying the options and maintain practical dialogue.
This material is provided for general information only and does not constitute investment, legal or tax advice, or an offer or solicitation in any jurisdiction.