Uzbekistan has achieved a significant milestone on the international financial market by placing sovereign bonds in its national currency, the som, equivalent to $1 billion. According to the Ministry of Economy and Finance, these securities were sold at a historically low rate of just 12.25%.

This rate is notably lower than in previous years: yields on similar three-year issues were 16.625% in 2024 and 15.5% in 2025. The reduction in borrowing costs reflects growing confidence from global capital in the republic's macroeconomic stability and the reform course outlined in the "Uzbekistan-2030" Strategy.

Demand from foreign investors was exceptionally high: during trading on April 1, nearly 50 major funds from the US, Europe, Asia, and the Middle East submitted bids totaling 24.3 trillion soms, four times the initial offering. Ultimately, bonds worth 12.2 trillion soms were successfully placed. Notably, the final rate was even lower than yields on Uzbekistan's domestic financial market.

The relevant ministry emphasized the uniqueness of the event: this issuance of eurobonds in the national currency became the largest such deal in the regions of Central and Eastern Europe, the Middle East, and Africa over the past 15 years. The success of the placement confirmed the resilience of the country's economy even amid ongoing geopolitical tensions worldwide.

Source: podrobno.uz