Uzbekistan Airports plans to issue debut Eurobonds worth $100 million by the end of the year

On March 20, the chairman of Uzbekistan Airports, Zhavlonbek Umarkhodzhayev, announced that the company plans to place its first Eurobonds for $100 million until the end of the year.

In January, the President of Uzbekistan instructed Uzbekistan Airports to attract financing through the issue of Eurobonds. To do this, the company's Deputy head of Transformation held talks with potential investors in Europe.

In March, Uzbekistan Airports signed a contract with a rating agency to obtain a credit rating. The agency is expected to complete the assessment by mid-May. Then the company will start cooperation with the second agency, which corresponds to international practice.

"We expect to raise funds by November," Umarkhodjayev said.

Uzbekistan Airports plans to allocate funds for the reconstruction of airports. One of the key projects is the construction of a new cargo terminal at the Tashkent airport.

January 16 the president instructed to attract $400 million to the transport industry. Of these, Uzbekistan Airports will receive $100 million, and the remaining $300 million they will be sent to other projects, including aviation. For example, Uzbekistan Airways is negotiating financing with Deutsche Bank.

Earlier, Uzbekistan Airports announced that the integration of departure and arrival halls at Tashkent airport will be completed by June 2026.