Standard Chartered acts as Joint Bookrunner on landmark Uzbekistan sovereign bond issuance

9 April 2026, London, UK. Standard Chartered announces that it acted as Joint Bookrunner on a landmark sovereign bond issuance by the Ministry of Economy and Finance of the Republic of Uzbekistan, marking the country’s largest‑ever local‑currency‑linked international bond and an important step in the continued development of its capital markets.

The transaction, with a total size of USD 1 billion equivalent, represents the largest local‑currency‑linked issuance by Uzbekistan to date, significantly exceeding previous transactions. The bond achieved the tightest pricing secured by the sovereign in this format, supported by strong and diversified investor demand.

Linked to the Uzbek soum and settled in US dollar, the bond supports the continued development of Uzbekistan’s domestic capital markets while enhancing accessibility for global investors. Demand for the issuance significantly exceeded supply, with participation from investors across the United States, Europe, the Middle East and Asia.

Standard Chartered’s role on the transaction marks its third consecutive participation in Uzbekistan sovereign bond issuances, underscoring the bank’s long‑standing partnership with the Ministry of Economy and Finance and its continued support for the country’s international capital markets strategy.

Lucy Rahal, Executive Director, Public Sector, Standard Chartered said: “This issuance marks an important step in Uzbekistan’s continued engagement with international investors. The strong demand highlights growing confidence in the market, and we are pleased to support the Ministry of Economy and Finance in further diversifying its funding strategy.”

Standard Chartered acted as Joint Bookrunner alongside a syndicate of international banks.

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For further information please contact:

Julien Moity
Communications Director, Europe
Standard Chartered
julien.moity@sc.com

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