Uzbekistan's stock market sharply boosts in 2019
BAKU, Azerbaijan, Jan. 8
By Fakhri Vakilov-Trend:
In 2019, the volume of shares issued in Uzbekistan tripled compared to the previous year, Trend reports citing Uzbekistan Capital Market Development Agency.
Last year, 125 share issues with a total value of $4.2 billion (3.5 trillion units) were registered, while in 2018, the total value amounted to $1.4 billion.
In particular, in 2019, a large number of share issues was registered for placement by private subscription - Issiqlik elektr stansiyalari JSC ($418.1 million), Hududiy elektr tarmoqlari JSC ($867.5 million), JSC Dehqonbod kaliy zavodi ($72.2 million), Uzbekistan Airways JSC ($449.4 million), Uzbekistan Airports JSC ($606.2 million), Uzpromstroybank JSCB ($261.3 million), AKB Agrobank ($229.9 million), AKB Ipotekabank ($146.3 million), the agency said.
Shares were registered for public offering by Hamkorbank OJSC ($261,300), Turkiston Bank OJSC ($2.6 million) Trastbank OJSC ($6.7 million) and Markaziy Dekhkon Bozori JSC ($615,600).
In total, as of January 1, 2020, the Unified State Register of Issuing Securities made entries on the registration of 16,250 share issues with a total issue volume of $14.6 billion (10.4 trillion units).
In addition, a total of 164 corporate bond issues of 103 issuers were registered for a total of $88.7 million. Of these, 116 issues were redeemed and 27 were canceled. To date, only 13 bond issues totaling $ 51 million are in circulation.
Furthermore, in 2019, corporate bonds of Invest Finance Bank were registered for $10.4 million, Asia Alliance Bank for $5.2 million and Uzpromstroybank for $15.6 million, the report said.
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