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Economics

JSCB Universal Bank will issue foreign currency bonds

JSCB Universal Bank entered the Regulatory Sandbox for the issue of foreign currency bonds with the participation of Birinchi Banklararo Depozitariy.

Universal Bank JSCB and Birinchi Banklararo Depository LLC have been registered as participants in the Regulatory Sandbox, a special legal regime in the capital market. This is confirmed by information on the registration of participants in this regime.

Under this special legal regime, Universal Bank JSCB intends to issue bonds denominated in foreign currency.

Birinchi Banklararo Depository LLC will act as an investment intermediary in the issuance and placement of these bonds.

Participation in the Regulatory Sandbox will allow participants to carry out these transactions within the framework of the special legal regime in effect in the capital market.

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