Mortgage Bonds Worth 40.4 Billion Soums Placed on Toshkent Stock Exchange

Tashkent, Uzbekistan (UzDaily.uz) — The third transaction placing mortgage-backed bonds issued by UMRC SPV LLC, a special purpose vehicle established under the Mortgage Refinancing Company of Uzbekistan, took place on the Toshkent Republican Stock Exchange.

Mortgage bonds worth 40.4 billion soums were placed via a private subscription with the participation of the National Bank of Uzbekistan.

Following the third placement, the aggregate volume of placed bonds by UMRC SPV reached 121.1 billion soums.

The placement is being conducted as part of the implementation of Presidential Decree No. UP-26 dated 21 February 2025, "On additional measures for the further development of the housing and mortgage market," which provides for the phased introduction of a mechanism for issuing mortgage-backed bonds.

The company noted that this latest transaction confirms the consistent development of the mechanism for placing mortgage bonds utilizing stock exchange infrastructure, as well as the further integration of this financial instrument into Uzbekistan's capital market.