pioneering-mongolian-75-million-bank-bond

Pioneering Mongolian $75 million bank bond

The novelty value of Mongolia's first international bond offering sees solid demand from investors.
January 16, 2007
Trade and Development Bank of Mongolia TDBM, MongoliaÆs largest bank by assets, priced the countryÆs first-ever international bond offering on Monday. The three-year $75 million bond will increase the bank's ability to make foreign currency loans to its customers and is part of a $150 million issuance programme.

ING was the sole arranger for the deal.

Despite its name, TDBM is not a development bank and carries out the full range of wholesale and retail banking but not investment banking activities. Founded in 1990, the government divested itself of direct ownership around five years ago and the bank is now majority held by foreign investment company, Globull, and Mongolian institutions including the Mongolian Postal...
¬ 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 subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], 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 subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222