Why is this important
The placement of corporate bonds of microfinance organizations expands the choice of savings instruments for private investors. The high yield on such securities makes them an alternative to bank deposits, especially under conditions of limited interest rate differences. At the same time, this increases the significance of assessing the risks and transparency of the issuer for market participants.
What happened
- The microfinance organization Agat Credit plans to place bonds with an annual yield of 26%.
- The placement of the fourth issue of securities is planned for January 13-14, 2026.
- The release was registered on December 30, 2025.
Numbers and facts
- The total volume of placed bonds is 40 billion soums.
- The annual yield on bonds is set at 26%.
- The nominal value of one bond is 100 thousand soums.
- The circulation period of bonds is 2 years.
- The maximum annual interest rate on bank deposits is currently 24%.
- In 2025, Agat Credit placed 110 billion soums worth of bonds with a yield of 27% to 29% per annum.
Context
- The yield on Agat Credit bonds exceeds the current maximum interest rates on bank deposits.
- This makes the issue potentially attractive for investors focused on increased income.
- At the same time, investments in bonds of microfinance organizations assume a higher level of risk compared to deposits.
- Such issues allow companies to diversify their capital sources, and investors to access fixed-income instruments outside the banking sector.
- The return on such securities is generally higher than deposit rates, reflecting the specifics and risk profile of the issuers.
