New Regulations for Mortgage Bonds

The procedure for issuing and circulating mortgage bonds through the Central Depository has been approved in Uzbekistan. From now on, payment of interest and redemption of the nominal value of bonds will be carried out exclusively by the Central Depository.

This procedure has been implemented under a special legal regime and registered with the Ministry of Justice. Loans to be included in the mortgage bonds must meet certain criteria: the loan-to-value ratio must be at least 75%, the borrower's debt burden must not exceed 70%, and at least six months must have passed since the loan was issued.

For such loans, the mortgage and loan agreements, payment schedule, insurance policy, documents confirming ownership rights to the collateral, and a certificate of state registry entry for the mortgage agreement are required. All payments related to mortgage bonds will be made solely through the Central Depository.

Read “Zamin” on Telegram!