Asakabank to Issue Five-Year Bonds with 18% Yield

Tashkent, Uzbekistan (UzDaily.com) — Asakabank has announced the placement of its fifth issue of corporate bonds with a total value of 1 trillion Uzbek sums and a coupon yield of 18 percent per annum.

The decision to issue the bonds was approved by the bank’s Supervisory Board on 15 December 2025. The bonds will have a maturity of 1,710 days, or approximately five years, with a nominal value of 500 million sums per bond. Coupon payments will be made on a quarterly basis.

The bonds will be offered through an open subscription to legal entities, without restrictions on the range of potential investors.

Early redemption will be possible no earlier than three years, or 1,095 days, from the start date of circulation. In the event of early redemption, investors will receive income calculated at an annual rate of 18 percent, with the bonds redeemed at their nominal value.

The bond issuance is aimed at attracting long-term financing to support the bank’s operational activities and the implementation of its strategic projects.