This website is part of the M.A.D. Urban Network.
Economy / Featured News / Mongolia News / August 25, 2015

“Erchim Bonds” – successful exchange

Share on Pinterest
Share with your friends










Submit

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”.

SOURCE: News.mn




Previous Post
Young People attack “Amnesty Law”
Next Post
MNT 261 billion in bonds




You might also like






More Story
Young People attack “Amnesty Law”
The “Amnesty Law”, which was approved during the recent non-regular meeting of Parliament, is receiving savage criticism....