Why is this important
The company is entering the public debt market for the first time. This is a step towards diversifying funding and forming a credit history, which is especially important for state-owned companies with large investment programs.
What happened
- The rating was assigned: (uz) AA (high level of creditworthiness);
- Volume of output: 31.8 billion soums;
- Conditions: 2 years, coupon 25% per annum, denomination — 1,000 soums;
- Purpose: financing investment projects, forming a credit history, diversifying borrowing;
- Underwriter: KAP DEPO;
- Placement period: until the end of 2025.
Context
The corporate bond market in Uzbekistan is still developing. The exit of state-owned companies with ratings stimulates institutional investors and sets new standards for transparency. Attracting funds through the capital market reduces the burden on the state budget and increases financial stability.
