DB to issue bonds worth USD 60 million
Finance Minister S.Bayartsogt informed the Standing Committee on Economics on Tuesday that the Development Bank (DB) is planning to issue bonds worth USD 60 by the end of the year.
The government has asked the DB to finance the USD 55 million “New Railway” railroad building project.
The DB had planned to issue bonds worth USD 20 million on the Singapore Stock Exchange from last spring, but the bank’s managing officials delayed the issue due to instability in the global financial markets. The rate of the bonds is seven percent, which the head of the Representative Managing Council, B.Batjargal, said is low. The DB plans to issue more bonds next spring.
Please note that this article has not been written, is not copyrighted and does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant for information only to readers and does not constitute a legal or biding agreement in any way, shape or form. For contact and comments directly relating to the above article, please refer to the source as stated below.
Source : News.mn
The government has asked the DB to finance the USD 55 million “New Railway” railroad building project.
The DB had planned to issue bonds worth USD 20 million on the Singapore Stock Exchange from last spring, but the bank’s managing officials delayed the issue due to instability in the global financial markets. The rate of the bonds is seven percent, which the head of the Representative Managing Council, B.Batjargal, said is low. The DB plans to issue more bonds next spring.
Please note that this article has not been written, is not copyrighted and does not in any case represent the views or opinions of M.A.D. Investment Solutions or any of its affiliate individuals or companies. The article above is purely meant for information only to readers and does not constitute a legal or biding agreement in any way, shape or form. For contact and comments directly relating to the above article, please refer to the source as stated below.
Source : News.mn
The world is awash in debt the solution is certainly not more of it.
ReplyDelete