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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.
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