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Economy

Andijan region plans a $300 million eurobond through its own investment company

A delegation of Andijan region discussed with the US investment bank Oppenheimer raising $300 million on international capital markets through a eurobond issued by Andijon Invest Kompaniyasi, the regional administration’s press service said on 21 October. No tenor, coupon, timing or guarantee was named. The same bank offered in September 2025 to help finance three Andijan projects worth $1.2 billion.

Stacked white cotton bales in a quiet warehouse under dawn light from high windows, with one amber tag on a bale in the foreground.

Spot carried the press service’s statement at 21:30 Tashkent: the meeting covered presenting the bonds to international investors, the mechanisms of raising the money and the effective use of financial instruments, and the sides discussed further steps towards the issue. The company that would issue the paper, Andijon Invest Kompaniyasi, appears in the statement with no balance sheet, rating or prior borrowing.

Oppenheimer’s interest in Andijan dates from September 2025, when, by Spot’s account, the bank declared its readiness to take part in financing three projects worth $1.2 billion: a $180 million textile industrial zone, a $20 million artificial lake at Khanabad and the $1 billion New Andijan urban project, which the president in April 2025 proposed to name after Babur.

The company that would issue the paper, Andijon Invest Kompaniyasi, appears in the statement with no balance sheet, rating or prior borrowing.

The bank also stands in the Samarkand documents of 19 October. Oppenheimer was among the capital-markets names, with Franklin Templeton, Citigroup and BlackRock, in the investment ministry’s list of 54 agreements with the United States worth about $12 billion, which CAW reported on 20 October.

At $300 million the issue would cover a quarter of the three projects’ cost. What it would finance is described as the region’s promising projects, and Spot’s report names no earlier bond by the region or its company.

A press-service statement about talks is the stage before a mandate. Until the company publishes a prospectus or a rating, the number to hold is the $1.2 billion of September 2025, on which the statement of 21 October reports nothing spent or started.