TASHKENT, Nov. 19 (Xinhua) -- Uzbekistan placed dual-tranche sovereign international bonds denominated both in U.S. dollars and Uzbek soums on the London Stock Exchange in Britain on Thursday, according to the country's Ministry of Finance.

The sovereign international bonds in the amount of 750 million U.S. dollars are in two tranches -- in dollars for a period of 10 years and in Uzbek soums for a period of three years, said the ministry in a statement.

"The issuance of international bonds in national currency will serve to reduce currency risks, and create a basis for attracting international investors to the domestic financial market, including the government treasury bond market," it said.

Uzbekistan selected Citi, Gazprombank, J.P. Morgan, Societe Generale and VTB Capital as joint lead managers and bookrunners.

Uzbekistan placed its first-ever overseas government bonds on the London Stock Exchange on Feb. 13 last year following an extensive marketing exercise in New York, Boston and London.

The bond placement was hailed as historic by Uzbek officials as the country taps international debt markets for the first time. Enditem

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