Mongolia dines on dim sum

Mongolia becomes the second non-Chinese sovereign after the UK to issue dim sum bonds as it embarks on a new foreign fundraising programme.

Mongolia dines on dim sum

The Government of Mongolia made its dim sum bond market debut on Wednesday, hoping to ride on the back of positive momentum generated by the resolution of its dispute with Anglo-Australian mining group Rio Tinto over the expansion of the Oyu Tolgoi copper mine in May.

The two had been locked in disagreement for two years over how to share the costs and revenues of the $5 billion phase two...

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