Uzbekistan schedules Friday investor call for benchmark dollar-, som-denominated eurobonds

Chicago, Sept. 28 – The government of Uzbekistan (Ba3/BB-/BB-) will participate in a global investor call on Friday for a benchmark eurobond offering, according to a market source.

In-person meetings will be held in New York, Boston and London starting Monday.

The republic is planning a dual-tranche offering with bonds due in five years and 10 years.

The dollar-denominated bonds will be distributed in a Rule 144A and Regulation S offering.

Additionally, the deal will include a som-denominated green senior eurobond with a three-year tenor.

Proceeds from the green eurobond will be used for green expenditures. Sustainalytics assisted with a second-party opinion and Citi is the sole green structuring bank.

The republic is simultaneously starting a tender offer for certain notes with an Oct. 4 deadline.

Citigroup, ICBC, JPMorgan, MUFG and Societe Generale will act as joint lead managers and bookrunners.

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