The First Mongolian Government bond to be issued today
Mongolian Government is testing the international finance waters.
If this first bond is successful, it could pave the way for government financing of large infrastructure projects in Mongolia until mining revenues kick in.
The Mongolian Government is ready to issue its first 36bllion MNT (about 30 million USD) bond with a 2 year term with the purpose of investing it into the “long term mortgage loan for 4000 government officers project.” Its nominal price per bond is 100’000MNT (80USD) and those bonds will be sold through Mongolian Stock Exchange.
Source : GoGo
If this first bond is successful, it could pave the way for government financing of large infrastructure projects in Mongolia until mining revenues kick in.
The Mongolian Government is ready to issue its first 36bllion MNT (about 30 million USD) bond with a 2 year term with the purpose of investing it into the “long term mortgage loan for 4000 government officers project.” Its nominal price per bond is 100’000MNT (80USD) and those bonds will be sold through Mongolian Stock Exchange.
Source : GoGo
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