Finasia Capital Advises Uzbekneftegaz on USD 150 Million and EUR 50 Million Club Loan from Leading International Banks

Finasia Capital is pleased to announce its successful advisory role in supporting Uzbekneftegaz JSC (UNG), national oil and gas champion, in securing a landmark multicurrency club loan totaling USD 150 million and EUR 50 million. The two-year facility was arranged with the participation of top-tier international investment banks: Abu Dhabi Commercial Bank (ADCB), MUFG Bank, and Standard Chartered Bank (SCB).

The transaction marks a significant milestone in UNG’s ongoing strategy to diversify its funding sources, improve liquidity and strengthen ties with leading global financial institutions. The financing package will be used to support the company’s strategic initiatives, including investments in eligible ESG-aligned projects.

As financial advisor to UNG, Finasia Capital delivered comprehensive support across all stages of the transaction. This included preparing a detailed Request for Proposals (RfP) and engaging a wide range of international banks, managing the competitive selection process through a structured evaluation framework that assessed pricing, tenor, flexibility, covenant structure and lender reputation. Finasia provided guidance to UNG in negotiating commercial and legal terms and coordinated closely with legal counsels and participating banks, ensuring the timely execution of all transaction documents.

A key component of Finasia’s role in this transaction was supporting the identification and evaluation of ESG-eligible projects to be financed under the facility. The team worked closely with UNG to screen and prioritize projects based on alignment with international ESG standards and Uzbekistan’s sustainability strategy. This involved assessing the environmental and social impact of proposed investments, verifying compliance with ICMA and LMA principles, and preparing robust project documentation to ensure transparency and traceability for lenders. The advisory team supported UNG to articulate the long-term sustainability benefits of these projects, enhancing the credibility and attractiveness of the transaction to lenders and facilitating their approvals.

This transaction demonstrates Finasia’s continued commitment to supporting Uzbekistan’s leading institutions in accessing international financing on competitive terms. The Finasia team is proud to have facilitated this successful outcome by leveraging its deep market expertise, investor network and disciplined execution process.

The successful closing of this club loan underscores the growing confidence of global financial institutions in Uzbekistan’s economy and highlights Finasia Capital’s strong capabilities in complex cross-border financing transactions.