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Uzbekistan ‘BB-’ Long-Term and ‘B’ Short-Term Ratings Affirmed
S&P Global affirmed ‘BB-’ long-term and ‘B’ short-term ratings of Uzbekistan.
Nurlan Kyshtobaev took part in the signing of agreements between EBRD and Optima Bank
On 21 May 2019, the European Bank for Reconstruction and Development and Optima Bank signed risk participation agreements in the aggregate amount up to USD 20 million. According to these agreements, EBRD will share the risks of up to 50 percent for some loans issued by Optima Bank. Borrowers under the agreements will also have the opportunity to use various technical cooperation programs to familiarise themselves with the best practices of international and local experts.
All projects involving foreign direct investment would be divided into four lists
The head of state proposed to introduce a new system of control to ensure timely realization of investments. In accordance with it, all projects involving foreign direct investment would be divided into four lists to be monitored separately.
Shaimerden Chikanayev spoke at China Global Investment Summit 2019
China Global Investment Summit 2019 (China Global Investment Summit 2019) was held on April 18-19, 2019 in Shanghai, China. One of the speakers was Shaimerden Chikanayev, Partner, Director of Banking & Finance Department, GRATA International.
Amendments have been introduced to regulations and legislative acts of KR on investment funds activity
On April 1, 2019, the President of the Kyrgyz Republic Sooronbay Jeenbekov signed the Law of the Kyrgyz Republic “On Amendments to Certain Legislative Acts on the Issues of Investment Funds Activities”.
Uzbekistan announced US$1bn bond issue
The Ministry of Finance of the Republic of Uzbekistan successfully priced its inaugural US$1 billion which was formed by a dual US$500mm 4.750% tranche due February 2024 and a US$500mm 5.375% due February 2029.
GRATA International in China Business Law Journal: Deals of the Year 2018
We are glad to announce that one of GRATA International’s successful projects has been selected as of the winners of China Business Law Journal: Deals of the Year 2018.
EBRD will support development of national capital market in Uzbekistan
The EBRD supports the development and strengthening of local capital markets within the framework of the current reform program of Uzbekistan to ensure openness of the economy.
Central Bank of Uzbekistan raises refinancing rate by 2 percentage points
The decision was made taking into account changes in external conditions and is aimed at reducing inflationary pressure amid rising inflation expectations, growth in regulated prices and rising exchange rate pressure on prices, the bank said.
Shaimerden Chikanayev was among the panellist at the IBA ECA Forum 2018
On 5-7 September 2018, a IBA Europe-Caucasus-Asia Forum 2018 was held in Almaty.
Uzbekistan chose as its chief financial consultant in obtaining a sovereign credit rating and issue ofsovereign bonds a consortium of banks headed by J.P. Morgan Chase
Uzbekistan attracted the largest US bank by assets and the world's largest bank by market capitalisation of JPMorgan Chase for advising in obtaining a sovereign credit rating and issuing sovereign bonds. This is stipulated by the presidential decree "On Additional Measures to Diversify Sources of External Financing".