The third transaction for the placement of mortgage-backed bonds issued by UMRC SPV LLC, a special purpose vehicle established under the Mortgage Refinancing Company of Uzbekistan, took place on the Republican Stock Exchange of Tashkent.
The third transaction for the placement of mortgage-backed bonds issued by UMRC SPV LLC, a special purpose vehicle established under the Mortgage Refinancing Company of Uzbekistan, took place on the Republican Stock Exchange of Tashkent.
These mortgage bonds totaling 40.4 billion soms were placed through a private subscription with the participation of the Central Bank of Uzbekistan.
Following this third transaction, the total volume of bonds placed by UMRC SPV reached 121.1 billion soms.
This placement is carried out in accordance with the implementation of Presidential Decree No. UP-26 dated February 21, 2025, 'On additional measures for the further development of the housing and mortgage market,' which provides for the phased introduction of the mechanism for issuing mortgage-backed bonds.
The company noted that the latest deal confirms the stable development of the mortgage bond placement mechanism using stock exchange infrastructure, as well as the further integration of this financial instrument into the capital of Uzbekistan.
The second deal involving mortgage bonds issued by UMRC SPV LLC took place on the Tashkent Stock Exchange. This structure was created as part of the Uzbekistan Mortgage Refinancing Company JSC.
The transaction was conducted in accordance with Presidential Decree No. UP-26 dated February 21, 2025, titled 'On additional measures for the further development of the housing and mortgage market.'
During the private placement, Agrobank JSCB acquired mortgage bonds totaling 40.14 billion soms.
According to the report, the completed transaction confirms the consistent application of the phased mortgage bond placement mechanism stipulated by the presidential decree.
A source reported that the phased placement of such securities is aimed at developing the mortgage bond segment in the capital market, expanding sources of long-term financing, and introducing modern financial mechanisms into the mortgage market.
