Uzbekistan Launches First-Ever Mortgage-Backed Bond Issuance

2026-06-11 07:35:56

(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 11. Uzbekistan has registered its first-ever mortgage-backed bond issuance, marking a significant step in the development of the country's capital markets and housing finance sector.

This was reflected in a statement by Uzbekistan's National Agency for Perspective Projects (NAPP).

According to the agency, the inaugural issuance, valued at 40.5 billion soms ($3.3 million), was registered under a regulatory framework designed to support the introduction of new financial instruments.

The information indicates that the bonds will be issued by UMRC SPV, a special-purpose subsidiary of the Uzbek Mortgage Refinancing Company (MRC) established in April 2025. The issuance is backed by a pool of mortgage assets and guaranteed by the Mortgage Refinancing Company.

''Under the offering, 40.5 million bonds with a nominal value of 100 soms each will be issued. The proceeds will be used to finance and refinance mortgage loans.

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