The sovereign transaction was placed on 21 May 2024 for a total equivalent of US$1.5 billion across three currencies. The US-dollar tranche was US$600 million with a seven-year maturity and a 7.125% yield.
The euro tranche was €600 million with a three-year maturity and a 5.375% coupon. The local-currency tranche was UZS 3 trillion with a three-year maturity and a 16.625% coupon. The transaction established fresh international pricing references in USD, EUR and UZS for Uzbek issuers.
The placement extended pricing references across USD, EUR and UZS, providing a basis for subsequent international debt issuance by Uzbek banks and corporates.
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