TDBM's $500m bond ends three-year drought

Order books exceed $2.3 billion for Mongolian trade development bank's $500 million offering, signaling global investors’ thirst for frontier market assets.

Trade and Development Bank of Mongolia (TDBM) sold a $500 million five-year note on Tuesday evening, the country’s first dollar offering in three years.

¬ Haymarket Media Limited. All rights reserved.

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