ALKES, Tashkent based Investment Banking Boutique, has been honored with the Green Deal of the Year Uzbekistan 2025 award by Global Banking & Finance Review for its role in facilitating Uzbekistan’s first green bond issuance on the Republican Stock Exchange Tashkent.
On the other hand, Uzbekistan Mortgage Refinancing Company (UzMRC) was recognized as the Best Green Bond Issuer Uzbekistan 2025.
These awards are the first-ever ESG honors presented to financial institutions in Uzbekistan by Global Banking & Finance Review, a UK-based financial publication known for highlighting excellence and innovation in the financial sector since 2011.
In September 2024, UzMRC successfully issued green corporate bonds worth UZS 50bn ($4mn). The bonds, with a nominal value of UZS 1mn ($77.34) each, carry an annual coupon rate of 18% and will be paid quarterly over five years.
In 2023, ALKES received recognition with two awards from the Global Banking & Finance Review: “Best New Investment Bank Uzbekistan 2023” and “Best New Securities Brokerage Uzbekistan 2023.”
ALKES acted as the transaction’s broker, playing a critical role in the placement and execution of the bond issuance. The success of the initiative was underpinned by regulatory changes made in June 2024, which introduced new provisions supporting the registration of green bonds in line with international standards.
ALKES, a leading investment banking and advisory firm in Uzbekistan, holds the distinction of being the country’s first financial institution to join the United Nations Global Compact. The firm remains committed to supporting the UN Sustainable Development Goals (SDGs) through responsible and impactful financial services.
