NBU attracts a syndicated loan in the amount of €100 million from a consortium of foreign banks
Tashkent, Uzbekistan (UzDaily.com) -- The National Bank for Foreign Economic Affairs of the Republic of Uzbekistan (NBU), together with the leading Swiss bank Credit Suisse AG, successfully held a road show for institutional investors by presenting an information memorandum on activities and achievements of the National Bank.
As a result of the roadshow, the NBU signed a loan agreement, in which Credit Suisse AG acts as a financial agent and main lender, to attract a syndicated credit line in the amount of 100 million euros from a consortium of foreign banks - Credit Suisse AG, AKA Bank and KfW.
The credit line is attracted for up to 5 years without a state guarantee, without country content, on attractive financing terms in the amount of 100 million euros.
This credit line will finance investment projects in the textile, food, chemical and pharmaceutical industries, transport and agriculture, whose activities are aimed at producing high value-added products and expanding the production capacities of existing enterprises.
In addition, the key advantage of the agreement is the possibility of lending to the working capital of the Bank’s clients, as well as financial support for the activities of SMEs and the service sector.
The NBU has successful cooperation with leading European banks, within which syndicated loans for general corporate purposes were previously attracted from Credit Suisse AG in the amount of 100 million euros and Deutsche Bank AG - 100 million dollars.