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Issuer has the country's longest tier two curve
Break-up with Fitch over downgrade has not put off investors
The sovereign has finished international funding for 2026
Data
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The country is one of the most vulnerable in EM to energy price shocks
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Demand allowed the pan-African bank to tighten the yield by 50bp
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Uzbek bank's deal is the first deal from the country in 2026
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The lender started investor meetings late in April
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Books were more than five times the deal size, which was capped
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The trade is the first from a 'mid-tier' Uzbek lender
Sub-sections
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Sponsored by CAF – Development Bank of Latin America and the Caribbean
CAF gearing up to transform regional development
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Sponsored by Emirates NBD Capital
Emirates NBD Capital: An unrivalled conduit for Middle East liquidity
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Sponsored by European Investment Bank
European Investment Bank: Supporting sustainable development in North Africa