Uzbekistan has placed sovereign international bonds at 12.25% per annum, which is lower than current rates on global financial markets. According to the Central bank, this indicates high investor confidence in the country’s reforms and economic policy.
For comparison, on March 31 three-year government treasury bonds worth 300 bn soums ($24.6 mln) were placed on the domestic market at 12.39%.
“In conditions of limited opportunities to attract large volumes of funds on the domestic market, attracting financing on the external market at a lower rate reflects the positive expectations of international investors,” the regulator commented.