16 July 2025
A new instrument in the local capital market – Mortgage Bonds!
At the initiative of the National Agency for Prospective Projects (NAPP), starting from July 14, 2025, a mechanism for the securitization of mortgages and the issuance of mortgage-backed securities will be launched within the framework of the special legal regime of the “Regulatory Sandbox.”
More details
This initiative provides the Company with the opportunity to issue the first mortgage bonds in the Republic of Uzbekistan.
🏦 Participating Banks:
• Uzmilliybank (National Bank of Uzbekistan)
• Asakabank
• Uzsanoatqurilishbank
• Xalq Bank (People’s Bank)
• Agrobank
🎯 Objectives:
• To establish a market-based mechanism for financing mortgage loans;
• To gain practical experience in mortgage securitization;
• To lay the foundation for the gradual development of the mortgage bond market.
📊 This project is an important step toward developing the local capital market and expanding long-term financial resources for banks.
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