Yes we Khan: DBM shows Mongolia's bond market access

The Development Bank of Mongolia's successful international bond market return underscores a remarkable economic turnaround almost two years after the country nearly defaulted. But how much upside remains?
Riding the economic momentum
Riding the economic momentum

The Development Bank of Mongolia DBM has proved that emerging and frontier market investors are still willing to engage - and en masse - for the right credit after completing a highly successful return to the international bond markets this week. 

The country's re-vamped development and export-import bank priced a $500 million five-year deal in New York on Tuesday off a $4.1 billion peak order book.

DBM’s success caps almost two years of an IMF-led economic makeover that has pulled Mongolia back from the brink of a sovereign default and transformed it into a frontier market darling once more.

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