TBC Bank Uzbekistan Issues Debut Bonds Worth Over $3 Million
Published
With a yield of 24%
TBC Bank Uzbekistan has announced the placement of its debut bonds, denominated in Uzbek soum. The bank’s press service informed Kursiv Uzbekistan about this development.
The total value of the issued securities amounts to 40 bn soum (approximately $3.11 mn), with a yield of 24%. The funds raised will be used to further expand TBC’s operations in Uzbekistan.
Since the beginning of this year, TBC Bank Uzbekistan has secured financing of $105 mn, including a $40 mn loan.
