TASHKENT, Uzbekistan, September 13. Asian
Infrastructure Investment Bank (AIIB) has invested $25 million in
Uzbekistan’s Uzpromstroybank sustainability bonds, Trend experiences.
The proceeds shall be used to finance inexperienced tasks, together with
ones to enhance power effectivity, cut back greenhouse gasoline emissions,
guarantee water safety, help women-led initiatives, and finance
small and medium-sized companies.
These are the primary inexperienced bonds issued as a part of the
sustainable financing program of the JSCB “Uzpromstroybank”. The
bonds are issued in accordance with the rules of inexperienced and
social bonds of the International Capital Markets Association.
Uzpromstroybank has additionally acquired investments from the
International Finance Corporation, the German Development Finance
Institute and the Austrian Development Bank amid non-public placement
of five-year Eurobonds of sustainable improvement within the quantity of
$100 million organized by the financial institution.
In 2019, JSCB “Uzpromstroybank” turned the primary financial institution in
Uzbekistan to enter the worldwide capital market by putting
Eurobonds on the London Stock Exchange within the quantity of $300
million.
The AIIB funding portfolio in Uzbekistan contains 13 tasks
price greater than $2.4 billion within the fields of power,
infrastructure improvement, transport and drugs, together with $394
million to finance the event of photo voltaic panels in Samarkand,
Jizzakh and Surkhandarya.
