In February 2019, Uzbekistan issued the country’s inaugural international sovereign bond listing on the London Stock Exchange's Main Market (Photo source: London Stock Exchange Group)

Uzbekistan Emerges From Economic Isolation With $1 Billion Bond Sale

The economies of Central Asia are slowly opening up to foreign investors after more than two decades of relative isolation. Uzbekistan just sold $1 billion of Eurobonds in its first foray into international debt markets. In doing so, it follows its neighbor Tajikistan, which issued its first bonds in 2017 to finance the construction of a dam and hydroelectric power plant.

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