TASHKENT, Uzbekistan, October 3. Ipoteka-Bank is gearing up to roll out a new dual-currency bond issuance, ringing in at a hefty $400 million, Trend reports.
The strategy encompasses a quinquennial bond issuance totaling
$300 million in USD, alongside a triennial tranche denominated in
Uzbek soums, approximating $100 million in value. Both series will
be cataloged on the Vienna Stock Exchange (MTF) platform.
The stabilization phase is earmarked to transpire from October 2
through November 2, 2025. In this phase, the facilitators may
designate a maximum of 5 percent of the issuance to bolster the
market valuation of the bonds.
In the interim, during the month of November in the year 2020,
Ipoteka-Bank executed the issuance of five-year international bonds
aggregating to $300 million, characterized by an annual yield of
5.5 percent, on the London Stock Exchange, with comprehensive
repayment liabilities scheduled for culmination at the terminus of
October 2025.
Ipoteka-Bank emerged in 2005 as a result of the strategic amalgamation of the Housing Savings Bank of Uzbekistan and "Zamin-bank". The inception of the "Tashkent Housing Savings Bank" in 1996 marked a pivotal moment in the evolution of residential finance, aimed at enhancing the living standards through strategic savings mechanisms.
