hordes-interested-in-mongolias-first-crossborder-bond

Hordes interested in MongoliaÆs first cross-border bond

Trade & Development Bank of Mongolia is set to launch the countryÆs cross-border debut.
MongoliaÆs first cross-border public bond offer is being marketed to investors this week. The Trade Development Bank of Mongolia and its bankers, ING, kicked off the roadshow in Singapore on Monday, followed by Manila, Hong Kong and London today, with pricing expected by Tuesday at the latest.

The bank is MongoliaÆs biggest and oldest û a relic from the one-bank system of the Soviet days û that was taken over at the end of 2006 by Globull, a consortium of two smaller Mongolian banks and a mining company. It is raising funds for expansion into mortgage-lending and other long-term funding liabilities the domestic market cannot match through syndicated lending.

At first blush it may...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222