Yield of short-term Uzbek government bonds rises sharply

By Muzaffar Ismailov in Tashkent October 25, 2023

The yield of Uzbek short-term government bonds has risen sharply, according to data from the ministry of economy and finance.

Compared to October 13, the rate on government securities in the national currency with a maturity until November 25 increased from 16.53% to 20.53%.

The yield of government bonds denominated in foreign currencies maturing next year rose from 8.46% to 8.98%.

Economist Otabek Bakirov noted that 95% of government bonds, payments on which are scheduled for the end of November, were repaid due to a new securities issuance. The increase in yields was due to the reduced liquidity of these bonds, he said.

In early October, Uzbekistan issued its first green bonds, raising $349mn. Tashkent Stock Exchange head Giorgi Paresishvili said the attraction of green bonds was dictated by the need to repay old debt in the amount of $156mn, which expired at the end of November.

Related Articles

Russia’s expulsions of migrants reportedly nearly double in 2024 to around 80,000

Russia in 2024 expelled more than 80,000 migrants for immigration rule violations, compared to 44,200 in 2023 and 26,600 in 2022, TASS reported on January 8. The Russian state news agency cited a ... more

Kazakhstan’s transit of Russian oil to Uzbekistan and China amounts to 10.2mn tonnes in 2024

Russia’s transit of oil through Kazakhstan’s pipeline system, operated by main pipeline operator KazTransOil, to China and Uzbekistan totalled 10.21mn tonnes in 2024, ... more

World Bank must wake up to Rogun mega dam “nightmare” in Tajikistan, say activists ahead of financing vote

The World Bank has to realise that the Rogun mega project “dream of the biggest dam [in the world] will turn into a nightmare for the people and nature in Tajikistan and beyond” and that it ... more

Dismiss