Through its Luxembourg based bond issuance platform, MSME Bonds S.A., Swiss investment company Symbiotics has signed a loan agreement with bank “Ipak Yuli Bank” to allocate a credit line of about $ 12 million. 

The remarkable side of these funds is attraction of resources from Symbiotics by issuing special bonds, nominated in national currency, at Luxembourg Stock Exchange, which will increase interest of foreign investors and funds to the market of Uzbekistan.

This agreement was concluded with the purpose to expand opportunities of providing financing in national currency by Ipak Yuli Bank to small and medium business entities through integration of international financial mechanisms, including those generated by Symbiotics, which promote development of modern economy of Uzbekistan.

Mutual cooperation with investment company Symbiotics begun in 2019, when credit lines for a total amount of $ 20 million were provided. 

Symbiotics, registered in Geneva in 2004, is an investment company specializing in sustainable financing for developing countries, which offers services in market research, investment consulting and asset management. Since 2005, Symbiotics has structured and originated some 4,000 deals for over 450 companies in almost 90 emerging and frontier markets representing more than USD 5.5 billion.