Uzum Launches Second Bond Issue Worth $33.2 Mln

Uzbekistan’s national digital ecosystem Uzum has announced a new bond issuance worth 400 bn soums ($33.2 mln), marking the company’s second entry into the domestic debt market.

The bonds carry a 24% annual coupon rate and a two-year maturity period, with each bond valued at 100 mln soums ($8.3 mln). The placement will take place on the Republican Stock Exchange «Toshkent.»

According to Uzum’s Chief Financial Officer Nikita Gulyaev, the company’s first bond issue demonstrated robust investor confidence and a growing appetite for new financial instruments in Uzbekistan’s capital market.

«The first bond placement confirmed strong interest from investors and the market’s readiness for new instruments. This second issuance is a natural continuation of that process. We are seeing steady demand from both institutional and private investors,» Gulyaev noted.

Kursiv also reports that earlier Uzum has declared its readiness to invest in the modernisation of UzPost.