February 13, 2019 | Cbonds
|The Republic of Uzbekistan is planning to place Eurobonds in USD tomorrow, according to the arranger's materials.|
The issuer focuses on the placement of two trenches of securities – for 5 and 10 years. The arrangers will be JP Morgan, Citi, and Gazprombank.
From February 7 to February 12, the Ministry of Finance of the Republic of Uzbekistan held a road show in New York, Boston, and London. The volume of investors' bids exceeded 1.5 billion USD.
In December of last year, the agencies S&P and Fitch assigned the Republic of Uzbekistan a rating of (BB-). The forecast with respect to ratings is stable. Both agencies noted a relatively low level of sovereign debt and a high dependence of the budget on the materials sector.
|Full company name||The Republic of Uzbekistan|
|Country of risk||Uzbekistan|