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Mongolian Bank Plans $700M Bond Sale

Mongolia’s development lender, Development Bank of Mongolia, is planning to raise $700 million through a three-part sale of domestic-currency notes.

    Mongolia’s development lender,Development Bank of Mongolia, is planning to raise $700 million through a three-part sale of domestic-currency notes,金融时报》reports. The first tranche of the three-part offering will be worth $100 million.

    The bonds will mature in five, 10, and 15 years, addsBloomberg. The bonds, backed by the government, will be offered through the stock exchange and the central bank.

    Click here for the story from金融时报》.

    Click here for additional coverage fromBloomberg.

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