Finasia Capital Helps Secure Major Wins for Uzbekistan at the GBM Awards 2025
Finasia Capital is pleased to highlight Uzbekistan’s outstanding performance at the GBM Awards: CEE, Central Asia & Türkiye 2025, where four transactions involving Uzbek sovereign and corporate issuers received top regional recognition. Each of the award-winning deals was advised or supported by Finasia Capital, underscoring the firm’s commitment to elevating Uzbekistan’s presence in international capital markets and aligning local transactions with global best practices.
These wins reflect the continuing sophistication of Uzbekistan’s financial landscape and the growing ability of its institutions to compete at an international level.
🏆 SSA Local Currency Bond of the Year — Republic of Uzbekistan
UZS 6 trillion tranche (as part of a three-tranche USD 1.5bn Eurobond)
The Republic of Uzbekistan was awarded SSA Local Currency Bond of the Year for its landmark UZS 6 trillion local-currency tranche, issued as part of the country’s three-tranche USD 1.5bn Eurobond.
The deal marked a significant milestone for Uzbekistan, demonstrating the sovereign’s ability to successfully access both hard-currency and local-currency markets within a single coordinated issuance.
🏆 Deal of the Year – Uzbekneftegaz USD 850 million 5-year Eurobond
Uzbekneftegaz’s USD 850m, 5-year Eurobond, issued on 7 May 2025, was recognised as Deal of the Year – Uzbekistan.
The transaction demonstrated strong international investor demand and marked an important milestone in strengthening the country’s sovereign and quasi-sovereign presence in global debt markets.
Finasia Capital acted as an advisor to the transaction, supporting the preparation and positioning of the deal and ensuring that its strategic importance and execution quality were clearly reflected in the award submission.
🏆 “Debut Corporate Bond of the Year” — Navoiyuran
Navoiyuran received the award for its landmark debut corporate bond issuance — a milestone for Uzbekistan’s corporate financing landscape and one of the first international-standard issuances by a major industrial enterprise in the region.
As an advisor, Finasia Capital supported the transaction by:
- shaping the structuring narrative and strategic positioning,
- benchmarking the issuance against comparable regional debut deals,
- highlighting market-opening and investor-diversification elements,
- preparing a comprehensive, data-driven submission aligned with GBM scoring criteria.
The strong technical preparation helped position Navoiyuran’s transaction as one of the year’s standout debut deals.
🏆 “ESG Loan Deal of the Year” — AgroBank
AgroBank was recognized for its ESG-linked loan, supporting environmentally responsible lending, renewable energy development, and green agricultural modernization — an increasingly strategic priority for Uzbekistan.
Finasia Capital’s advisory support included:
- structuring ESG components in line with global sustainable finance principles,
- shaping the impact justification and ESG framework,
- showcasing the transaction’s innovation and environmental benefits,
- positioning it among the region’s leading ESG financing examples.
AgroBank’s award marks a milestone in the evolution of sustainable finance in Uzbekistan.
Together, these four awards highlight Uzbekistan’s abilities to:
- deliver transactions that meet international market standards,
- introduce innovative and sustainable financing structures,
- attract global investor participation,
- and successfully compete with leading issuers across emerging Europe and Central Asia.
Finasia Capital’s Ongoing Commitment
Finasia Capital remains dedicated to supporting the continued modernization of Uzbekistan’s financial sector through:
- advisory on sovereign, quasi-sovereign, and corporate financing,
- ESG and sustainable finance development,
- capital markets debut strategies,
- and preparing award-ready submissions for international recognition.
The GBM Awards 2025 demonstrate Uzbekistan’s accelerating progress — and Finasia Capital is proud to contribute to this success.