Uzbekistan’s Navoi Issues Debut $1 bln Eurobond
Published
The bond consists of a dual-tranche offering
Navoi Mining and Metallurgical Company (NMMC) has successfully priced its inaugural US $1 billion dual-tranche Eurobond offering, receiving an overwhelming response from investors, with the order book peaking at US $5.5 billion, as it has been known from rather informed source.
The offering marks several significant achievements for the company and the region.
NMMC intends to use the net proceeds for general corporate purposes, including financing its capital expenditure program and refinancing existing debt at more attractive rates.
This marks a pivotal moment for NMMC and underscores the strong investor confidence in the company’s future.
Kursiv Uzbekistan also reported that Uzbekistan ranked sixth by the World Gold Council.
