Another important and strategic event has taken place in the history of our country’s industry. The state enterprise "Navoiuran" has successfully placed its first 300-million-dollar eurobond on the international financial market, specifically on the London Stock Exchange. This is regarded as an important step demonstrating the prestige of not only the uranium industry, but also Uzbekistan's position in financial markets, dunyo.info reports.
International demand was much higher than expected
The placement of the bonds generated great interest among global investors — the total demand exceeded 1.3 billion dollars. This demand reflects the confidence in an enterprise of such a strategic sector as "Navoiuran". Thanks to this high demand, the securities were issued for a period of 5 years at a rate of 6.7 percent. This is a rather effective indicator given the situation in the global financial market.
A record result was set for coupon rate
It is noteworthy that this eurobond has placed "Navoiuran" not only among the leading enterprises in the sector, but also among advanced companies in financial markets. Because these eurobonds were placed as the first eurobond in Uzbekistan’s history with the lowest coupon rate ever. This indicates the country’s financial discipline and the growing level of international trust.
Global financial heavyweights participated in the project
The project also saw active involvement from the world’s leading banks and consultants. Notably, financial giants such as "CITI", "ADCB", and "Natixis" acted as bank underwriters, "Finasia Capitals" as financial advisor, and "Dentons" as legal advisor. "Deloitte" was involved as the external auditor. Such broad cooperation guarantees the transparency and professional standard of the eurobond on the global market.
Where will the proceeds be allocated?
The funds raised from the eurobonds will not go unused — through them, "Navoiuran" plans to expand its production capacity, update its fleet of modern technology and vehicles, increase uranium reserves, and implement new projects with international partners. This will increase not only the company’s competitiveness, but also provide a serious impetus for overall industrial growth.
Conclusion: new horizons ahead
"Navoiuran’s" debut on the international financial market through eurobonds indicates that Uzbekistan’s investment potential is highly valued. This process is significant not only from a financial, but also from a technological and strategic standpoint. Through new projects and partnerships, our country is expected to become an even more global player in the uranium sector. Read 'Zamin' on Telegram!
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