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CBH Group Media Releases & Corporate News  CBH Bank advises Alif on $50M Sukuk issuance

CBH Bank advises Alif on $50M Sukuk issuance

Recognized as a market leader in the fintech industry in Central Asia, Alif’s success is driven by its commitment to ethical and customer-centric services. The bond issuance, announced on November 18, 2023, follows the successful completion of a $58million equity and debt financing round led by Jefferson Capital, Alif Capital Holdings’ existing shareholder.

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.”