Uzbekneftegaz’s first deputy chairman says the company plans to roll over its first eurobond tranche maturing in 2028 rather than repay it, while refinancing roughly $1 billion in GTL project loans in the coming months — a move that would also lift the state guarantee on that debt.
Uzbekneftegaz first deputy chairman Suhrob Hamrayev says the company is refinancing its remaining $840 million in state-guaranteed loans and expects to carry none from 2027, citing growing bank confidence and prices converging toward market rates.
