Opportunities in Uzbekistan

Privatization, IPOs and SPOs in 2019 -2022:

• Presidential Decree dd. April 29, 2019 for selling state owned shares in 29 joint stock companies;
• Decree of Cabinet of Ministers dd. April 26, 2019 for organizing IPOs and SPOs to sell shares owned by the state.

• JSC Uzsanoatqulrilishbank  - 10% - IPO;
• JSC Asia Alliance Bank - 10% - IPO;
• JSC Jizzakh  plastmassa  - 25% -IPO;
• JSC Aloqabank - 10% - SPO;
• JSC Commodity Exchange - 12% - SPO.

Privatization of entities are in following sectors of economy:

• Financial institutions;
• Construction;
• Fat and oil industry;
• Alcohol production;
• Food industry;
• Chemical industry;
• Electric Power Industry;
• Oil and gas industry.

Achievements:

Samarkand Bond by IFC at LSE:

• 1st Uzbek Soum denominated bond was on May 18, 2018,  in the amount of 80 billion soums, with a maturity of 2 years and a coupon rate of 9.5%.
• 2nd issue was on 29 May, with a total issue volume of 80 billion soums, with a maturity of 2 years and a coupon rate of 9.5%.
• 3rd issue was on June 26, 2018 and total volume of the issue is 80 billion soums, maturity is 2 years, coupon rate is 9.45%

$1 bln Eurobonds at LSE:

• at 4.750% and 5.375% yield for the 5-year and 10-year tranches respectively (down from initial price thoughts of 5.375% area and 6.000% area).