Uzbekistan’s leading ferrous metal producer Uzmetkombinat is set to organize a debut issue of corporate bonds. A corresponding agreement was signed with Freedom Finance on September 30 on the sidelines of the Economic Forum in Tashkent.
The company also inked an agreement with the consulting firm EY on providing consultations to the joint-stock company on the investment program.
Earlier this year, Uzmetkombinat announced a competition to select an investment consultant and underwriters for the issue of corporate bonds with a total value of UZS 50 billion ($4.68 million). The planned coupon rate is 23% and the circulation period is 18 months. (Uzreport/Ukrainian metal)