Uzbekistan Industrial and Construction Bank (SQB) has been recognized as the winner in the Central and Eastern Europe Deal of the Year category by the authoritative international publication GlobalCapital for its active participation in global financial markets and its innovative approach to implementing modern financial instruments.

The recognition followed the October 2025 listing on the London Stock Exchange of a $300 million issue of Additional Tier 1 (AT1) international capital bonds.

This issuance was recognized as a benchmark transaction not only for Uzbekistan, but for the entire Central Asian region. Leading global financial institutions – Citi, JPMorgan, Mashreqbank, Raiffeisen Bank, Societe Generale, and Standard Chartered – served as bookrunners for the deal.

According to GlobalCapital’s analysis, despite challenging global market conditions and heightened investor caution, the transaction attracted strong demand. During the placement process, the order book exceeded the issue size by more than four times, once again confirming a high level of investor confidence not only in SQB but also in Uzbekistan’s financial system as a whole.

UzA