Bonds to be issued by Government
Ulaanbaatar, Mongolia, /MONTSAME/ The cabinet on Wednesday discussed a matter on issuing bonds and governmental guarantee, and decided to issue bonds of MNT 800 billion.
In order to create financial resources, a head of the Board of the Developmental Bank Ch.Khashchuluun has been allowed to bring shares of MNT 250 billion on the domestic market from the Developmental Bank of Mongolia (DBM) with 5-year term. In addition, shares of MNT 250 billion and MNT 300 billion will be brought on the market with ten-year and 15-year terms, respectively.
The Minister of Finance has been allowed to issue governmental guarantee for the basic and interest charges of the shares. The guaranteed financial resources will finance projects and programs reflected in the 15th resolution of parliament.
The cabinet has obliged Ch.Khashchuluun to draw up a proposal on cheapening the financial resources of the DBM's shares and on not exceeding the mortgage loan over 6 per cent per year, and to submit them to the cabinet meeting.
Related authorities have been given a recommendation to take the measure taking into account of the currency policy.
B.Khuder
In order to create financial resources, a head of the Board of the Developmental Bank Ch.Khashchuluun has been allowed to bring shares of MNT 250 billion on the domestic market from the Developmental Bank of Mongolia (DBM) with 5-year term. In addition, shares of MNT 250 billion and MNT 300 billion will be brought on the market with ten-year and 15-year terms, respectively.
The Minister of Finance has been allowed to issue governmental guarantee for the basic and interest charges of the shares. The guaranteed financial resources will finance projects and programs reflected in the 15th resolution of parliament.
The cabinet has obliged Ch.Khashchuluun to draw up a proposal on cheapening the financial resources of the DBM's shares and on not exceeding the mortgage loan over 6 per cent per year, and to submit them to the cabinet meeting.
Related authorities have been given a recommendation to take the measure taking into account of the currency policy.
B.Khuder
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