Tashkent, Uzbekistan (UzDaily.com) – Ipoteka Bank's three-year Eurobonds for 1.4 trillion soums were successfully placed on 25 April 2024, on the Vienna Stock Exchange with a coupon rate of 20.5% per annum. JP Morgan acted as the organizer of the transaction.

In 2023, a major share of Ipoteka Bank's capital was acquired by Hungarian bank OTP. Most potential investors reacted positively to this deal.
It should be recalled that in April 2021, Ipoteka Bank issued soum-denominated Eurobonds worth 785 billion soums. Thus, Ipoteka Bank became the first and remains the only corporate issuer in Uzbekistan to have placed listed Eurobonds in the national currency.

This issue will serve as an additional source of attracting long-term resources in the national currency from abroad, reduce the level of dollarization, strengthen the bank's liquidity position, and also stimulate growth for business activities.

Ipoteka Bankcontinues to strategically strengthen its position as an active international issuer with a high credit rating at the sovereign level ("BB", outlook "Stable"), and to expand its geographical base of potential investors and diversify its funding sources.