The possibilities of financing projects with the Japanese bank "SMBC" were discussed

    Finance 11 November 2022 857

    A meeting was held between Sardor Mirzayev, Deputy Chairman of the Board of Uzbekneftegaz JSC, and Orzu Aliosmanuglu, Vice President of one of the largest Japanese commercial banks SMBC.

    The Deputy Chairman of the Management Board of Uzbekneftegaz JSC informed the representatives of the bank about the company's results achieved in recent years, digitalization and transformation processes, as well as projects planned for implementation in the field.

    The bank's representatives were particularly interested in the processes of preparation for the IPO, the assignment of a long-term credit rating (BB -/stable) to Uzbekneftegaz JSC, the successful placement of Eurobonds in the RegS/144A format on the London Stock Exchange for the first time in history in the amount of 700.0 million US dollars for a period of seven years.

    Representatives of the bank were also familiarized with the processes of natural gas production, geological works carried out by Uzbekneftegaz JSC and the activities of the GTL plant.

    In turn, representatives of SMBC Bank provided information about their work in Asia and Europe.

    According to the report of the Department for Work with Financial Institutions and Debt Management, during the conversation, the main attention was paid to discussing the possibilities of financing various future projects of Uzbekneftegaz JSC by the bank.

    At the end of the negotiations, it was noted that Uzbekneftegaz JSC is interested in developing cooperation with SMBC Bank, deepening the study of regions, further expanding relations in the field of financing joint projects.