DEVELOPMENT OF THE CORPORATE BOND MARKET AND INVESTMENT ACTIVITY: THE CASE OF UZBEKISTAN

Abstract

This article examines the theoretical and practical aspects of capital raising through corporate and sovereign Eurobonds. The study explores the formation of the international bond market, the economic essence of Eurobonds, and their role in diversifying sources of financial funding. In addition, recent development trends in Uzbekistan’s bond market are analyzed, with the dynamics of growth in the number of issuers and the volume of outstanding bonds assessed on the basis of statistical data. Furthermore, the activity of the secondary market is examined using the price movements of selected issuers’ bonds as illustrative examples, allowing conclusions to be drawn regarding investor confidence and market stability. The findings of the study demonstrate the necessity of further developing the bond market as a key instrument for mobilizing medium- and long-term financial resources.