On January 25, 10-year government bonds worth 10 billion soums were issued for the first time at the Republican Currency Exchange (UzRCE) . Also on that day, 5-year government bonds worth 174.5 billion soums were placed. The weighted average coupon payment on these securities amounted to 15% and 14.5% per annum, respectively, setting a benchmark for a 10-year period.
According to the Ministry of Finance, the issue of medium-term and long-term government securities serves as a benchmark for raising funds through the issuance of low-risk instruments in the national currency, creates the basis for diversifying financial instruments and attracting new participants in the financial market (non-residents, individuals, insurance companies, etc.)
In addition, an increase in the volume of issuance of government securities will lead to diversification of the public debt portfolio and reduce currency risks.
