Mongolia Eurobond Price Tag Doubles Before Impending Sale: Chart

If Mongolia proceeds with its first dollar sale since 2012, it will have to pay almost double what it initially bargained for. The country, which ended investor meetings on Jan. 20, said last summer it was seeking to raise cash at yields below 6 percent. Since then, a combination of slumping commodity prices and political wrangling that led to a no-confidence vote against the prime minister drove the yield on 2022 bonds to 11.90 percent on Monday.