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?
Prospects for the “Land of the Blue Sky” are on the rise. Batbayar Balgan, CEO of the newly transformed Development Bank of Mongolia, sees the bank as having a significant role to play in spearheading growth and furthering the nation’s export-led recovery.
Mongolia's only policy bank prints $580 million, with investors submitting a whopping $6.25 billion worth of orders. Separately, Agile Property reopens issuance from the Chinese property sector with a $700 million deal.