Uzbekistan is set to hold 15 IPOs in the next three years, including the IPOs of five state-owned banks, three insurance companies, metallurgical and other companies, the Deputy Finance Minister Odilbek Isakov has said.
He said that new financial products would be released, including ETFs for gold, mortgage bonds and sukuk.
The government is also planning to issue bonds linked to inflation, the Uzbek and international depositories are to be connected.
Isakov also said that work was underway on a new draft law “On the Capital Market”, based on the principles of the International Organization of Securities Commissions (IOSCO). (Uzreport/Business World Magazine)