TASHKENT, Uzbekistan, December 23. Uzbekistan
plans to attract at least $1 billion in investment to its capital
market, including the issuance of corporate bonds worth no less
than 5 trillion soums ($416.3 million), Trend reports via Uzbek National Database of
Legislation.
This was outlined in a presidential order titled “On Additional
Measures to Improve the Investment Climate in the Capital Market,”
signed by the President of the Republic of Uzbekistan. The document
sets out key benchmarks for the development of the country’s
capital market through 2030.
According to the order, Uzbekistan plans to organize trading on
local stock exchanges in shares, bonds, and other securities of
foreign issuers, including instruments from the United States (Dow
Jones, S&P 500, NYSE, Nasdaq), the United Kingdom (FTSE 100),
China (Hang Seng, Shanghai Stock Exchange), and Japan (Nikkei).
The document also provides for the issuance of bonds in foreign
currency, as well as the execution of dual-listing operations on
both local and international stock exchanges. In addition, issuers
will be allowed to place unsecured bonds, including in volumes
exceeding their equity capital.
