CBH Bank advises Alif on $50M Sukuk issuance
Alif will use the bond sale to support the continued expansion of its subsidiary Alif Moliya in Central Asia. The Sharia-compliant Sukuk issuance will allow investors to participate in a revenue-sharing model with a targeted yield of 12%-14% annualized in USD. Jefferson Capital will be the lead investment advisor while CBH Bank will act as the lead underwriter.
Nuriddin Lafizov, CEO of Alif Uzbekistan, commented: “Since our launch, Uzbekistan has fully embraced our suite of financial services. We are only at the beginning of this exciting journey and I look forward to leading the disruptive revolution of financial services.”