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The American-Uzbekistan Chamber of Commerce (AUCC) seeks to promote trade and investment ties, cultural exchanges and bonds of friendship between the United States of America and the Republic of Uzbekistan. In performing these functions, the AUCC places primary emphasis on serving the needs and interests of its members.

Interview with AUCC Chairperson Carolyn Lamm Before 2012 Uzbekistan-US Annual Business Forum

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NEWS

Uzbekistan appoints banks for international debt market debut

www.reuters.com/article/us-uzbekistan-bonds/exclusive-uzbekistan-appoints-banks-for-international-debt-market-debut-idUSKCN1OK1PC
4 January 2019

Uzbekistan is making final preparations for its first foray into international debt markets, naming four international banks to lead a dollar bond deal, sources involved in the plans have told Reuters. 

JP Morgan has been appointed as lead adviser, and is joined by international debt houses Deutsche Bank and Citi as well state-owned Russian bank Gazprombank. 

Having secured a BB- credit rating from Fitch this week, central Asia's most populous nation is readying a $500 million, 5-10 year bond for the first quarter of next year, said the sources, who spoke on condition of anonymity. 

Uzbekistan has been gradually opening up what is largely still a Soviet 'command'-style economy since the death of hardline president Islam Karimov in 2016 and his replacement by Shavkat Mirziyoyev.