Mongolia plans $1.2 billion bond issuance

Mongolia's frontier economy and mineral wealth attracts international interest amid discussions to tap the international capital markets this year.

Mongolia plans to raise up to $1.2 billion in the international bond markets this year, as part of an attempt by Asia's latest frontier economy to attract foreign investment. The IMF predicts that the country's economy could treble in size by 2020, but estimates suggest that, in order for it to do so, it will need investments of between $31 billion and $42 billion during this decade.

Batbayar Balgan, director general at the Financial Economic Policy Department in Mongolia's finance...

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