Uzbekistan Airports and JPMorgan Chase sign memorandum on Eurobond issuance

Uzbekistan Airports has reached a strategic agreement with the American financial giant JPMorgan Chase to cooperate on international capital markets. The partnership, formalized through a memorandum of understanding, marks a significant step toward the potential issuance of Eurobonds and the utilization of sophisticated financial instruments to fund the country’s aviation infrastructure.

Photo: Uzbekistan Airports

The agreement followed a successful roadshow as part of the "Uzbekistan Investor Day" events held in Boston on April 13 and New York on April 14. During these sessions, a delegation from the national airport operator presented the investment potential of Uzbekistan’s aviation sector to a wide array of global financial institutions and private investors.

In addition to discussions with JPMorgan Chase, the delegation held high-level meetings with representatives from Citigroup, as well as prominent investment firms such as Artisan Partners, Xtellus Capital Partners, and Nomura Capital Partners. These meetings provided a platform for Uzbekistan Airports to showcase its recent corporate transformation, financial performance indicators, and modernized corporate governance frameworks.

Foreign investors expressed keen interest in the strategic development of Uzbekistan’s airport network, particularly the plans for long-term infrastructure expansion. The dialogue focused on identifying viable partnership formats and priority areas where international capital could be effectively deployed to enhance regional connectivity and operational capacity.

The memorandum with JPMorgan Chase specifically outlines a framework for developing cooperation within the capital markets. By preparing for a Eurobond debut, Uzbekistan Airports aims to diversify its financing sources and strengthen its standing among international institutional investors.