Uzpromstroybank nabs dollars as government pushes local issuance

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Uzpromstroybank nabs dollars as government pushes local issuance

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E4PDDG Barak-Khan Madrassah, Tashkent, Uzbekistan | Alamy Stock Photo

Investors showered a debut dollar deal from Uzpromstroybank with orders on Monday, with the order book for the $300m bond peaking at $1.2bn. But despite the success for the privatisation candidate, government officials are hoping that future Uzbek bond issuance will favour local currencies.

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