The improvement of funding business operations for the local enterprises in the Republic of Uzbekistan through issuing financial securities by means of the Tashkent Stock Exchange
DOI:
https://doi.org/10.5281/zenodo.14492465Keywords:
Tashkent Stock Exchange, medium-sized and large private companies, corporate loans, custodian banks, Central Bank of Uzbekistan, Clearstream, Euroclear, “Central Securities Depository” JSC, “National Clearing Centre” JSC, IPO.Abstract
The financing landscape for businesses in Uzbekistan is evolving, with the introduction
of new funding models aimed at enhancing access to capital. One such model is the 60/40 funding
ratio, which emphasizes a balanced approach to financing. This article explores the significance
of the 60/40 funding ratio, how it operates, and the benefits of fostering cooperation between the
Tashkent Stock Exchange (TSE) and medium to large private enterprises. By encouraging local
firms to go public or issue corporate bonds, this approach can facilitate capital raising for business
operations and projects.
Published
2024-09-30
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