Nuqi Digital Wealth Limited, a DIFC-based asset management firm, through its investment banking division, has successfully arranged a $70 million three-year financing loan for Ipak Yuli Bank Uzbekistan, marking a major milestone in strengthening capital flows into Central Asia. The facility, executed through a combination of bilateral and syndication structures underscores Nuqi Wealth’s expanding role as a trusted arranger for emerging-market financial institutions.
Acting as NUQI Digital Wealth’s strategic partner in Uzbekistan, Umma Capital played a pivotal role in originating the transaction and opening the market to new international lenders. Leveraging its deep local relationships and on-the-ground expertise, Umma Capital was instrumental in introducing NUQI Digital Wealth to Ipak Yuli Bank and guiding counterparties through the country’s regulatory, banking, and execution landscape. This collaboration not only streamlined engagement with the bank’s senior management, but also helped build confidence among new investors entering Uzbekistan for the first time, reinforcing Umma Capital’s position as a key bridge between Uzbekistan financial institutions and global capital providers.
A standout feature of the deal is the speed and precision of execution. NUQI Digital Wealth managed the end-to-end funding process, delivering competitive terms for Ipak Yuli Bank amid shifting global financial conditions. The initial bilateral arrangement was completed within two months, demonstrating NUQI’s ability to mobilize capital quickly and efficiently.
NUQI Digital Wealth also secured the participation of a leading global financial institution as Lead Arranger for the syndication, further strengthening investor confidence. In addition, the firm successfully introduced new investors many engaging with Uzbekistan for the first time, highlighting rising interest among Asian capital providers in the country’s reform-driven banking sector.
Commenting on the transaction, Dilip Samanthilaka, NUQI Digital Wealth’s managing director and head of Investment Banking, stated:
“Our objective is always to secure the best structure and the most strategic investor mix for our clients. This successful transaction demonstrates our ability to bring new global liquidity to dynamic markets like Uzbekistan, while managing the process with precision and speed.”
From the borrower’s side, Tursun Makhkamov, chief financial officer of Ipak Yuli Bank, emphasized the importance of the local partnership:
“As chief financial officer of Ipak Yuli Bank, I would like to highlight the pivotal role Umma Capital has played as our trusted advisor and representative in this transaction. Umma Capital not only safeguards and promotes the interests of Ipak Yuli Bank, but also brings deep local insight that is essential for successfully engaging with global partners. We are pleased to see Umma Capital partnering with Nuqi Wealth, as this collaboration is opening new channels of international funding and unlocking fresh potential for Uzbekistan’s capital markets.”
With this milestone, NUQI Digital Wealth further strengthens its position in arranging cross-border funding for financial institutions across emerging markets, continuing its mission to foster investment corridors between Asia, the GCC, and Central Asia.
Media Contact
Meher Gupta
director@contemporaryconnect.com
