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Economy / Featured News / Mongolia News / August 25, 2015

“Erchim Bonds” – successful exchange

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The first market exchange of the “Erchim Bonds”, which are Mongolia’s first insured bonds, successfully took a place from 12th-21st August. The underwriter, Golomt Bank proposed a face value of MNT 10.000, an 18.5% annual interest rate and 6 months public availability terms. The demand has reached MNT 2.4 billion, which is 4.7 times more than supply, thereby demonstrating that the “Erchim Bonds” could become a lucretive product on the stock market. After the successful first market exchange, the “Erchim Bonds” will be exchanged through a second market issue. Companies are expected to finance tenders and project works by means of the “Erchim Bonds”.


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