Tashkent, Uzbekistan (UzDaily.com) -- The initial interest rate on international bonds of Uzauto Motors JSC is set at about 5.375%. This was reported by the Ministry of Finance of Uzbekistan.

It should be reminded that Uzauto Motors plans to issue bonds in the amount of US$300 million. The bonds will circulate for 5 years.

The order book opened today at 08:15 London time. At the moment, applications from investors are being accepted.

It is expected that today the process of determining the coupon yield on the debut international bonds of Uzauto Motors will be completed.

The underwriting bank is organized by leading international banks such as Citi (USA), MUFG (Japan), Natixis (France) and Raiffeisen Bank International (Austria).