The total volume of the issue is 80 billion soums, the maturity period is 2 years, the coupon rate is 9.5% per annum. This was reported by the press service of the Central Bank of Uzbekistan.

The bonds sale agreements were concluded with three European asset management companies. The organization of transactions was undertaken by the brokerage company ING Capital Markets. Information on the terms of this bond is placed on the terminal of the information agency Bloomberg.

The attracted resources will be used to open a credit line in national currency to finance small business projects in Uzbekistan.

This transaction is the first of its kind operation with securities in Uzbek soums in international capital markets. The appearance of bonds nominated in Uzbek soums on international markets will positively affect the image of the country, stimulate the interest of institutional investors in Uzbekistan.

The interest rate of IFC bonds on the international market will be an indicative benchmark for foreign exchange risk in Uzbekistan. This should help in assessing the economic situation both to foreign financial institutions and investors, and to the economic departments of Uzbekistan.

Expansion of lending to projects in Uzbekistan by IFC in the national currency will promote the development of the money market and reduce the level of dollarization in the banking sector.