Uzbekneftegaz Issues $850 Mln Eurobonds on London Stock Exchange

Uzbekistan’s state-owned energy company Uzbekneftegaz has successfully issued $850 mln in Eurobonds on the London Stock Exchange, as reported by news agency Dunyo.

The deal was finalised during a visit by an Uzbek delegation to the United Kingdom led by Deputy Minister of Economy Khurshid Mustafayev.

This marks the largest single-tranche bond issuance in Uzbekistan’s history, signalling strong investor interest and growing international confidence in the country’s energy sector.

The transaction was carried out in partnership with J.P. Morgan, Standard Chartered Bank, and Uzsanoatqurilishbank.

Kursiv Uzbekistan also reports that Navoi Mining and Metallurgical Company (NMMC) is also planning to issue $500 mln in Eurobonds on European exchanges in 2025.