TDBM's $500m bond ends three-year drought

Order books exceed $2.3 billion for Mongolian trade development bank's $500 million offering, signaling global investors’ thirst for frontier market assets.

TDBM's $500m bond ends three-year drought

Trade and Development Bank of Mongolia TDBM sold a $500 million five-year note on Tuesday evening, the country’s first dollar offering in three years.

Rated B2B by Moody’s and Standard Poor’s respectively, the Reg S144A bond priced at the lower end of the final price guidance at 9.375%. It is also 37.5 basis points tighter than the initial guidance area of 9.75%, according to a term sheet seen by FinanceAsia.


To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...