The Central Bank of Uzbekistan to offer bonds to commercial banks through auctions

The Central Bank of Uzbekistan will place securities in commercial banks through auctions, the press service of the Ministry of Justice reports.

Auctions will be carried out using the following two ways:
 
• The "American" method - competitive orders will be satisfied according to their proposed interest rates;

• The "Dutch" method - competitive orders will be satisfied based on a discount rate.

It is reported that the bonds will be issued in the form of emissive securities.