Uzbekistan Mortgage Refinancing Company (UzMRC) has placed its 10th issue of corporate bonds, the press service of the Tashkent Stock Exchange reported.
The securities were included in the exchange’s quotation list under the ticker IQMK9B10 and began trading on September 28. The issue amounts to 300 billion soums and comprises 300,000 bonds with a nominal value of 1 million soums each.
The coupon yield has increased slightly compared with the company’s latest issues, reaching 16.6%. The bonds have a maturity of 3,638 days, or about 10 years.
Over the past two years, UzMRC has placed nine corporate bond issues worth a total of 2.19 trillion soums on the Tashkent Stock Exchange. The yields on its two latest issues, placed in March and June, stood at 16.5%, the lowest level recorded so far.
The state-owned company also placed mortgage bonds worth 200.88 billion soums as part of a pilot project. The issuer was UMRC SPV, a subsidiary of UzMRC established in spring 2025 that entered the capital market regulatory sandbox in September last year.
The mortgage bond issues took place from July 9 to August 21 and involved five Uzbek banks — Xalq banki, Agrobank, NBU, Uzpromstroybank and Asakabank.
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