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АКИpress CA-News Tazabek Turmush
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Tajikistan hires banks for debut US dollar bond
Central Asia | business | 15:15, 30 August 2017 | 1450

AKIPRESS.COM - Tajikistan has appointed Citigroup and Raiffeisen Bank International as joint lead managers for a debut US dollar Eurobond, Reuters reported.

The sovereign is arranging a series of fixed income investor meetings in the Europe and the US commencing August 31, ahead of a 10-year amortizing senior unsecured Eurobond benchmark offering with a weighted average life of 8.75 years.

The proceeds of the issue will be used to finance part of the costs of construction of the Rogun Hydropower Plant project.

Tajikistan is rated B3 by Moody’s and B- by S&P.

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