The national digital ecosystem Uzum has registered a bond issuance prospectus for a record-breaking amount of 300 billion UZS. The coupon rate for the issuance is set at 25%, with a maturity period of two years.
The bonds will be issued and traded on the Republican Stock Exchange “Toshkent.” The issuer is IP LLC “MAKESENSE,” a company within the Uzum group. Investor funds will be directed toward the development and expansion of Uzum’’s fintech sector.
Uzum’s involvement in the development of the country’s debt capital market is a logical step — not only in terms of our business growth needs but also from the perspective of corporate social responsibility. We are actively developing e-commerce, banking, and the fintech sector, and we also aim to contribute to the advancement of the securities and debt capital markets. We believe that the current stage of Uzbekistan’s economic development calls for a broader range of financial instruments. We are already receiving inquiries from potential partners interested in investing in and developing our ecosystem. I am confident that this pilot issuance will be in demand not only among banks and companies in the real sector but will also attract foreign investors. We are grateful for the support of the National Agency for Perspective Projects (NAPP) and our broker, ALKES, in bringing this project to life.
Uzum is a digital ecosystem in Uzbekistan that integrates fintech, e-commerce, and banking services for individuals and small and medium-sized enterprises. It includes a marketplace, express delivery service, traditional and digital banking, a BNPL (Buy Now, Pay Later) service, an automotive purchasing platform, and an app for entrepreneurs. More than 15 million residents of Uzbekistan use Uzum’s services every month.