On September 30, within the framework of the International Economic Forum “Uzbekistan: Achievements of Economic Reforms and Outlines” held in Tashkent, National Bank for Foreign Economic Activity of Uzbekistan organized a presentation on the investment attractiveness of the bank in the Russian market.

The issue of rouble bonds is a landmark event and a strategically important instrument for the capital market of Uzbekistan, since the Russian bond market is the largest and most developed among the CIS countries with attractive interest rates.

Taking into account the high interest of Russian investors in Uzbekistan market, the attraction by the NBU of resources in roubles by placing bonds on the Moscow Exchange will allow, first of all, to diversify sources of financing and minimize currency risks. At the same time, the competitiveness of credit resources and their attractiveness and availability in the financial market will expand, including financing contracts with Russian suppliers.

Raising funds through bonds will give a new impetus to the growth and further development of foreign trade with Russia. 

At the expense of the attracted resources, it is planned to finance projects to expand and modernize the production capacities of industrial enterprises and business entities in various sectors of the economy, which will create new jobs, increase the competitiveness of domestic producers and increase the country’s export potential.

The organizers of the issue of rouble bonds are the leading Russian financial institutions: Gazprombank, PJSC Sovcombank, JSC Rosselkhozbank and JSC Asia-Invest Bank. Consultation on obtaining a credit rating from the Russian agency ACRA is carried out by the Rating Consulting Center Gazprombank.

UzA