From hell to heaven: Mongolia dollar debt issue flies

The high-yield sovereign issuers prints an upsized $800 million bond, after building an impressive $5.5 billion of orders.

From hell to heaven: Mongolia dollar debt issue flies

The government of economically troubled Mongolia priced an upsized $800 million US dollar bond offering on Thursday at almost half the cost it managed a year and a half earlier as yield-famished investors lapped up the deal, underlining the sovereign borrower's return to favour. 

The 144AReg S bond sold for a yield of 5.625%, contrasting with the 10.875% paid by Mongolia on its March 2016 $500 million five-year offering, and drew...

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