General
Issue of the Bond is allowed under Uzbekistan’s “Securities Market” Law dated July 23, 2008. The Bond issuer is entitled to issue the Bond for an amount that does not exceed the amount of formed Charter Fund. Bonds can be issued by residents of the Republic of Uzbekistan in the form of an open and closed subscription. A closed subscription allows issuers to offer bonds to a closed, restricted list of persons.
Decision to issue corporate bonds by residents of the Republic of Uzbekistan, can be made only provided that the following r...