Uzbekistan plans to issue Eurobonds in 2025.

In 2025, Uzbekistan intends to issue sovereign Eurobonds, announced Behruz Karimov, the Deputy Director of the State Debt Department at the Ministry of Economy and Finance, on February 12.

https://uzdaily.uz/ru/uzbekistan-v-2025-godu-nameren-vypustit-evroobligatsii/2025-02-14 08:47:51

Kariymov noted that the government intends to access the international debt market; however, the volume of upcoming issuances will depend on the conditions in the global financial markets.

It was previously reported that major Uzbek companies will also raise funds through bond placements. In particular, the Almalyk Mining and Metallurgical Complex (AGMK) has been tasked with issuing debut Eurobonds worth $1 billion, while the Navoi Mining and Metallurgy Combinat (NGMK) will conduct an additional issuance of $500 million. Moreover, Navoiuran and Uzmetkombinat plan to attract $300 million each through Eurobonds.

International credit ratings are also expected for Uzbekistan Airways, Uzbekistan Airports, and the Committee for Highways. In turn, Uzbekistan Airways plans to secure borrowed funds amounting to $100 million.