The key facts

  • InfinBANK signed an agreement to place $300 million in Eurobonds
  • The deal was sealed by the bank's shareholder Farkhod Mamatjanov and the head of Oppenheimer & Co. Max Lami
  • The funds are planned to be directed toward long-term financing of projects in the real sector of Uzbekistan's economy

$300 million agreement

InfinBANK has signed an agreement to place Eurobonds totaling $300 million, the bank reports. According to the credit institution, the document exchange ceremony was conducted by the bank's principal shareholder Farkhod Mamatjanov and the chief executive officer of Oppenheimer & Co. Max Lami.

Participation of officials

The ceremony was attended by the US Assistant Secretary of Commerce for Global Markets, Director General of the US and Foreign Commercial Service David Fogel, as well as the Minister of Investment, Industry and Trade of Uzbekistan Laziz Kudratov.

Purpose of raising funds

According to the bank, the funds being raised are expected to help expand opportunities for long-term financing of projects in the real sector of Uzbekistan's economy.