The placement included bonds in dollars for a term of 7 years, in euros for 4 years, and in sums for 3 years. The total applications for the bond placement amounted to $4.2 billion.
The interest rates on the bonds were set at 6.95% for the 7-year dollar bonds, 5.1% for the 4-year bonds, and 15.5% for the 3-year bonds. These rates were lower than those of previous placements.
The funds raised from the bond placement will be allocated to finance the 2025 state budget deficit, as well as to support the mortgage program and social projects.
Since 2021, Uzbekistan has issued sovereign bonds totaling $1.2 billion, focusing on Sustainable Development Goals (SDGs) and "green" projects. Part of the funds from the placement of bonds in dollars and sums will be directed towards providing housing for the population, as well as the construction and renovation of schools, kindergartens, and other social facilities.