Tashkent, Uzbekistan (UzDaily.com) -- On 14 December 2019, the National Bank of Uzbekistan (NBU) signed a loan agreement to raise funds in national currency to finance small and medium-sized business projects for 953 billion soums (equivalent to US$100 million) with an investment company Frontera Capital (Great Britain).

The main advantages of this agreement are:

- raising funds using international financial mechanisms;

-more favorable financing conditions in Uzbek soums;

- attracting long-term funds for a period of up to 7 years;

- borrowed funds can be used to finance small and medium-sized business projects, as well as retail lending;

Moreover, this agreement provides new opportunities for expanding cooperation with the investment company Frontera Capital, which has many years of experience working with international financial institutions in emerging markets.

These funds were raised by issuing credit notes on the international capital market on behalf of NBU, which, in turn, will allow NBU to strengthen its positive image on the global capital market, and will arouse the interest of international investors.