Finasia Capital Accompanies “Uzmetkombinat” JSC During Strategic Business Visit to London
In early October 2025, Finasia Capital had the honor of accompanying the delegation of JSC “Uzmetkombinat”, led by Chairman of the Management Board – CEO Mr. Bahodir Abdullayev, during a series of high-level meetings in London with leading global financial institutions, investment banks, and rating agencies.
This strategic visit served as an important step in strengthening Uzmetkombinat’s international financial partnerships and expanding access to global capital markets. Finasia Capital acted as the official financial advisor and organizer of all meetings and events during the visit.
Engagements with Leading Investment Banks
Throughout the visit, the delegation held a series of meetings with top-tier investment banks including J.P. Morgan, Citibank, Morgan Stanley, ICBC Standard Bank, MUFG, Société Générale, and Standard Chartered Bank.
Discussions focused on deepening financial cooperation, exploring opportunities for Eurobond issuance, credit facilities, and long-term project financing. Bank representatives expressed strong interest in Uzmetkombinat’s growth strategy, operational results, and commitment to transparency.
During the meeting hosted by Standard Chartered Bank, a loan agreement worth €132.5 million was officially signed under the insurance coverage of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). This financing, arranged by Standard Chartered Bank (UK) and KfW IPEX-Bank GmbH (Germany), will support the completion of the Casting and Rolling Complex—the first facility in Uzbekistan to produce hot-rolled steel coils. The funds will be directed towards financing and refinancing expenses related to the construction and commissioning of the complex in Bekobod.
As part of the Development and Agency Finance Day organized by Standard Chartered Bank, Uzmetkombinat presented its landmark ICIEC-backed financing during the session “Uzmetkombinat / ICIEC – Steel Plant Financing: ICIEC as an Alternative to ECA”.
Discussions with International Financial Institutions and Rating Agencies
The Uzmetkombinat delegation also held productive meetings with representatives of leading international rating agencies — Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings. Discussions focused on the company’s financial performance, corporate governance transparency, and strategic development plans. Mr. Abdullayev emphasized Uzmetkombinat’s commitment to an open financial policy and sustainable long-term growth, noting that the constructive feedback from rating agencies provides a positive impetus for continued improvement in financial stability and investor confidence.
Meetings were also held with the European Bank for Reconstruction and Development (EBRD) and major investment institutions such as Amundi, Sona Asset Management, and BlueBay Asset Management, where potential avenues for investment cooperation and capital market participation were explored.
Finasia Capital’s Role
Finasia Capital played a key role in organizing and accompanying Uzmetkombinat’s entire visit to London, ensuring efficient coordination with all financial partners and institutions. As a trusted financial advisor, Finasia Capital continues to support Uzmetkombinat in expanding its presence in international financial markets and strengthening relationships with global investors and lenders.
Finasia Capital remains committed to fostering partnerships between leading Uzbek enterprises and the global investment community, contributing to the sustainable growth and modernization of Uzbekistan’s industrial and financial sectors.
