Tashkent, Uzbekistan (UzDaily.uz) — On the sidelines of the C5+1 meeting in Samarkand, InfinBANK signed an agreement with the U.S. investment bank Oppenheimer & Co. Inc. to issue US$300 million in Eurobonds.
InfinBANK's majority shareholder, Farkhod Mamatdjanov, and the Chief Executive Officer of Oppenheimer & Co., Max Lami, exchanged the signed documents during a formal ceremony. The event was attended by David Fogel, U.S. Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service, as well as Laziz Kudratov, Minister of Investment, Industry, and Trade of the Republic of Uzbekistan.
This agreement is aimed at expanding InfinBANK's presence in international capital markets and fostering cooperation with foreign financial institutions. The funds to be raised through the Eurobond issuance are expected to create additional opportunities for the long-term financing of promising business projects in the real sector of Uzbekistan's economy.
The partnership with Oppenheimer & Co. Inc. will help diversify the bank's funding sources and expand its capacity to support the investment projects of its corporate clients.
By developing international financial cooperation, InfinBANK will continue its efforts to support entrepreneurship and finance promising projects across the national economy.
