Central Asia

Mongolia slashes funding costs with $600 million bond issue

Time spent with global investors allowed the central Asian republic to slash funding costs and refocus the economy away from coal while paving way for a future issuance.
Equestrian statue of Genghis Khan from near Ulaanbaatar in Mongolia
Equestrian statue of Genghis Khan from near Ulaanbaatar in Mongolia
October 07, 2020

The government of Mongolia last week sold $600 million in debt that allowed the Central Asian republic to slash 575 basis points (bp) off its funding costs and pay off some expensive borrowings while paving the way for a future issuance.

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