Uzbekneftegaz Seeks to Refinance US$1.1 Billion in Loans

Uzbekneftegaz is negotiating with foreign banks to refinance loans totalling US$1.1 billion. The company aims to reduce its average interest rate from 7.7% to 3.8%; the financing includes US$840 million linked to Uzbekistan GTL and US$260 million in direct company loans. This is a refinancing initiative, not a confirmed merger or acquisition. HPC Opportunity: Corporate finance advisers, lenders and large enterprises can explore debt modelling, financial scenario analysis, transaction analytics and risk assessment. HPC can support complex financial analysis and data processing; contact HPC for a tailored quotation.