Tashkent, Uzbekistan (UzDaily.com) -- National Bank for Foreign Economic Affairs of the Republic of Uzbekistan (NBU) has successfully placed international bonds (eurobonds) in the amount of US$300 million. The bonds were placed on the London Stock Exchange.

As part of the Road-show procedure in the audio conference format, a Global Investor Call was made with the participation of 70 global investors from the USA, Switzerland, Germany, Great Britain, Russia and Asian countries.

The maturity of eurobonds is 5 years. The initial target of profitability was 5 - 5.25% (low-5%) per annum.

Due to high demand from investors, the yield on five-year securities was set at 4.85%.

NBU became the second Uzbek bank to enter the eurobond market. In November 2019, international bonds in the amount of US$300 million were issued by Uzpromstroybank.

The NBU placed eurobonds with the participation of such underwriters as Citibank (USA), Natixis (France), SMBC Nikko (Japan) and Gazprombank (Russia).