PROCUREMENT NOTICE to act as issuer’s counsel in a private placement of bonds denominated in Uzbek Soums for the state-owned mortgage bank IPOTEKA
Ipoteka is pleased to invite top-tier international legal advisors in bond deals to participate in a competitive bidding process to determine the issuer’s counsel in connection with a contemplated private placement of soum denominated bonds. RFP in English is attached below.
If you have additional questions or require clarification on any aspect of RFP, please contact us at shohrukhkhon.abdurasulov@ipotekabank.uz or at gulbahor.yahyoeva@ipotekabank.uz.
PRELIMINARY DETAILS
Preliminary issue volume Up to 100,000,000 USD equivalent
Denomination currency Uzbek Soum (UZS)
Settlement currency In US Dollars, based on spot exchange rate ahead of pricing
Coupon and principal payments In US Dollars, based on spot exchange rate ahead of payments
Issue type Senior unsecured notes
Format Reg S only
Tenor 3 years
Governing Law English
Listing Vienna Stock Exchange MTF
Timing Closing by mid-March
Clearing Systems Euroclear and Clearstream
The deadline for accepting proposals is 11:00 (Tashkent time), Monday, January 18, 2021.
ABOUT IPOTEKA
Ipoteka 92.4% state-owned bank, is fully involved in policy reforms and state development programs in Uzbekistan. At the same time, the bank is universal and carries out various activities such as retail business, investment activities, project financing. The Bank currently takes leading positions in the banking system of Uzbekistan. As of December 2020, the bank accounts for about 9.1% of the total assets of the banking system and about 7.2% of the total capital. For additional information about Ipoteka bank please reference our website at www.ipotekabank.uz.
