Som like it hot: Uzbekistan entices investors with dual currency bond

The Republic of Uzbekistan, which debuted in international debt markets just last year, sold a dual currency bond this week, as foreign investors eyed up an Uzbek som tranche.
The Reg S/144A bond sale consisted of a 10 year $555m 3.7% November 2030 tranche and a Us2bn ($192.6m) 14.5% November 2023 tranche.
Initial price thoughts on Thursday afternoon were 4.25% area and 15.25%, respectively.
The 10 year dollar tranche was printed inside fair value estimates ...Already a subscriber? Login