Uzum Registers Bonds Worth 300 Bn Soums

The national ecosystem Uzum has announced its first bond issue valued at 300 bn soums, as reported by the press service of the company to Kursiv Uzbekistan.

The issuer of the bonds will be Makesense, a subsidiary of Uzum. These securities will be traded on the Republican Stock Exchange (RSE) ‘Toshkent’.

The bonds will carry an interest rate of 25% and have a maturity period of two years. The company highlighted that the funds raised will be utilized to advance Uzum’s fintech initiatives.

Nikita Gulyaev, Uzum’s CFO, stated, «We are already receiving inquiries from potential partners interested in investing and developing our ecosystem. I am confident that this initial bond issue will attract interest not only from banks and businesses in the real economy but will also enable us to secure foreign investors.»

Kursiv Uzbekistan also reports that the microfinance organisation Delta will issue bonds worth ten bn soums.