Uzbekistan’s mining and metallurgical complexes are gearing up to issue $2.1 billion in eurobonds by 2025, a move aimed at funding expansive projects to boost the nation’s industrial capabilities and global competitiveness. The Almalyk Mining and Metallurgical Complex (AMMC) plans to issue $1 billion in eurobonds, targeting significant expansion initiatives. Navoi Mining and Metallurgical Complex is set to release $500 million worth of eurobonds, while Navoiyuran and Uzmetkombinat will each issue $300 million to finance critical projects.
These issuances represent Uzbekistan’s broader push to strengthen its industrial sectors and attract global investment. Beyond mining, $700 million will be raised from international markets to develop aviation and infrastructure projects, involving Uzbekistan Airways and Uzbekistan Airports. This aligns with Uzbekistan’s recent success in international markets, notably Navoi Mining’s inaugural $1 billion eurobond offering, which was 5.5 times oversubscribed, demonstrating robust investor confidence.
These strategic financial moves underscore Uzbekistan’s commitment to advancing its industrial base and integrating into global markets.
