TBC Bank Uzbekistan has launched its inaugural bond issue, totaling 40 billion sums.

The financial market of Uzbekistan has been experiencing dynamic growth since 2019, when the country successfully issued its first sovereign eurobonds. This move paved the way for large-scale bond issuances by other sovereign and corporate issuers in both foreign and national currencies. As a result, the market is attracting increasing attention from international investors, and the recent bond issuance by TBC Bank Uzbekistan marked a significant milestone in its history.

The bank is part of a large financial group that includes Payme and Payme Nasiya, with a combined audience of 17 million unique users. The bond issuance demonstrates TBC Bank Uzbekistan's commitment to diversifying funding sources and promoting investment in the Uzbek capital market.

The CEO of TBC Uzbekistan, Nika Kuridiani, emphasized the importance of this transaction, noting that it was executed with the support of TBC Capital, while Tat Reestr acted as the broker in the local market. According to Kuridiani, the bond placement symbolizes the bank's dedication to the economic development of Uzbekistan and the creation of new opportunities for investors interested in Central Asia.

TBC Uzbekistan is actively implementing advanced technologies, transforming the banking sector in the region. The bank operates exclusively through digital channels, providing services based on its proprietary technological platform. It comprises three rapidly growing fintech directions: TBC Bank Uzbekistan, Payme, and Payme Nasiya.

The bond issuance is part of a series of successful financial transactions by TBC Uzbekistan, which confirm its sustainable development. Since the beginning of the year, the bank has secured financing totaling 105 million US dollars. Among these transactions are a 40 million dollar loan from FMO (the Dutch development bank), 20 million dollar credit lines from Swiss investor responsAbility Investments AG, 25 million dollar debt financing from BlueOrchard, and 10 million dollar loans from EBRD and the Global Gender-Smart Fund through TripleJump.