On December 15-18, the delegation of “Sanoat Qurilish Bank” (PSB) visited the United Arab Emirates, during which a signing ceremony of the Agreement on the development of cooperation with the investment company “Frontera Capital” took place.
The document envisages attracting $ 50 million using investment and credit instruments, as well as the sale of PSB securities to “Frontera Capital”.
Completion of this operation will expand the bank’s ability to attract resources and finance investment projects on a long-term basis.
The parties also agreed to establish promising cooperation in the debt market of Uzbekistan.
For reference: “Frontera Capital” is an investment company that is specialized in providing long-term financing. Additionally, it supports the development of a secondary market for loans and bonds in developing countries. Since 2014, “Frontera Capital” has structured and created sovereign-corporate loans totaling about $ 1.5 billion in 40 developing countries.
