Uzbekistan was the first in the CIS to place "green" bonds on the London Stock Exchange
08.10.2023 | 13:15 |
Uzbekistan is strengthening on the London Stock Exchange and was the first among the CIS countries to place sovereign "green" bonds in national currency worth 4.25 trillion soms and Eurobonds worth $ 660 million on the exchange. Two tranches are planned to be repaid in 2028 and 2026, respectively, the press service of the Ministry of Economy and Finance of Uzbekistan reports.
The yield on the bonds was reduced against the background of high investor demand. The funds from Eurobonds will be used to implement the goals of the strategy "Uzbekistan-2030", as well as the transition to a "green" economy and reforms in the energy sector.
Also, the proceeds from the "green" bonds will finance projects in the field of ecology, social sphere, environmental protection and solid waste disposal. In addition, programs for the introduction of water-saving technologies, the development of rail transport and metro, the organization of sanitary cleaning and maintenance of cleanliness in settlements, as well as the creation of protective forest plantations against wind erosion and siltation of water bodies, the Ministry of Finance said.
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