Uzbek car maker enters syndicated loan market

UzAuto Chevrolet car from co gallery for use Dec20 575x375
By Mariam Meskin
01 Dec 2020

UzAuto Motors, a car maker owned by the Uzbek government, has raised its debut syndicated loan from European lenders. The deal is one of many over the last year that have opened up Uzbekistan’s borrowers to international capital markets.

UzAuto Motors signed a €150m credit facility with Credit Suisse. Proceeds will contribute to investment projects, modernising production lines and working capital.

The deal is the latest in a string of debt and equity capital markets ventures by Uzbek issuers, after last year the country took steps to open ...

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