August 29, 2017 / 11:43 AM / a month ago

Tajikistan hires banks for debut US dollar bond

LONDON, Aug 29 (IFR) - The Republic of Tajikistan has appointed Citigroup and Raiffeisen Bank International as joint lead managers for a debut US dollar Eurobond, according to a lead.

The sovereign is arranging a series of fixed income investor meetings in the Europe and the US commencing August 31, ahead of a 10-year amortizing senior unsecured Eurobond benchmark offering with a weighted average life of 8.75 years.

The proceeds of the issue will be used to finance part of the costs of construction of the Rogun Hydropower Plant project.

Tajikistan is rated B3 by Moody’s and B- by S&P. (Reporting by Robert Hogg; editing by Sudip Roy)

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