Tashkent, Uzbekistan (UzDaily.com) -- On 22 April 2021, Uzauto Motors, with the support of the Ministry of Finance of the Republic of Uzbekistan, announced to the participants of the world financial market the forthcoming issue of its first international bonds in the amount of US$300 million and holding teleconferences with international investors.

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

Uzauto Motors received a rating of "B +" (with a stable outlook) from the international rating agencies "S&P" and "Fitch" for the purpose of issuing international bonds.

Also, from 22 to 27 April 2021, it is planned to hold a teleconference for international investors (Global Investor Call) and continue teleconferences in the one-on-one format, in which international investors from a number of countries are expected to participate.

Based on the interest of international investors and the state of the financial markets, it is expected that in the coming days an order book will be opened and the interest rate on international bonds will be set.

For information, in 2018-2020, the Ministry of Finance of the Republic of Uzbekistan, JSCB "Uzpromstroybank", JSC "National Bank" and JSCB "Ipoteka Bank" issued international bonds and attracted US$2.65 billion from foreign investors.

This transaction is the first international bond issued among corporate issuers of the Republic of Uzbekistan. More information on the process of this transaction will be provided.