LONDON, October 16. /Dunyo IA/. On October 12, eurobonds issued by the Navoi Mining and Metallurgy Company (NMMC) were successfully placed on the London Stock Exchange for the first time, totaling $1 billion, reports a correspondent of Dunyo IA.

NMMC, the operator of one of the largest gold deposits in the world, the Muruntau gold mine, has successfully executed its inaugural operation in the global capital markets.

Demand for the bonds exceeded $5 billion.

Participating in the financial markets not only strengthens NMMC's financial position but also showcases Uzbekistan's potential in global capital markets and fosters long-term mutually beneficial relationships with the international investment community in the future.

The participation in the capital markets not only strengthens the financial position of the Navoi Mining and Metallurgy Company (NMMC) but also demonstrates Uzbekistan’s potential in global capital markets, fostering long-term mutually beneficial relationships with the international investment community.

NMMC comprises 12 large mines, 8 plants, and 2 heap-leaching workshops, as well as the world’s largest Muruntau gold mine with an extensive resource base. The Muruntau mine is one of the largest gold reserves globally. According to a report by the analytical center "Kitco", it was recognized as the world leader in gold production for two consecutive years in 2020 and 2021.

In an interview with Dunyo IA regarding this event, Shota Zhvania, Director of International Capital Markets at Raiffeisen Bank International, noted:

"Today we have reached the summit of our work together with the Navoi Mining and Metallurgy Company. Today is the celebration of the listing of $1 billion of NMMC on the London Stock Exchange. I am very pleased that we took part in this event because we are witnessing an important milestone for Uzbekistan. We recognize that Uzbekistan is taking its first steps in developing its participation in international markets, starting with the country’s financial institutions, sovereign companies, and other corporations".