Central Asia

Mongolia slashes funding costs with $600 million bond issue

Time spent with global investors allowed the central Asian republic to slash funding costs and refocus the economy away from coal while paving way for a future issuance.
Equestrian statue of Genghis Khan from near Ulaanbaatar in Mongolia
Equestrian statue of Genghis Khan from near Ulaanbaatar in Mongolia

The government of Mongolia last week sold $600 million in debt that allowed the Central Asian republic to slash 575 basis points (bp) off its funding costs and pay off some expensive borrowings while paving the way for a future issuance.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media