Senior bank officials have been feverishly pitching for Mongolia's inaugural dollar bond issue in recent weeks. As bankers have visited Ulan Bator, the capital city of Mongolia, to pitch for the IPO of state-owned coal mining company Erdenez Tavan Tolgoi, they have also been working to bring a bond deal back to the table.
A sovereign bond out of Mongolia has long been rumoured, but the country has not been successful in bringing it to market. Part of the reason for that, say analysts, is that there is simply no urgency to raise funds.
A Mongolian sovereign bond has been on the agenda for several years. But it hasn't come to market because...
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