Development Bank of Mongolia received Bloomberg Award at the closing reception ceremony of Mongolia Economic Forum 2013 for the issuance of first sovereign bond in the international market. DBM issued US$580,000,000 bond which is due 2017 on March 14, 2012 at a comparatively low interest of 5.75%. This landmark transaction opens international bond market to Mongolian borrowers and it was the cornerstone for the successful issuance of US$ 1.5 billion Chinggis Bond on December 29, 2012.
Wednesday, May 15, 2013
DBM receives Bloomberg Award for Debut Bond
Development Bank of Mongolia received Bloomberg Award at the closing reception ceremony of Mongolia Economic Forum 2013 for the issuance of first sovereign bond in the international market. DBM issued US$580,000,000 bond which is due 2017 on March 14, 2012 at a comparatively low interest of 5.75%. This landmark transaction opens international bond market to Mongolian borrowers and it was the cornerstone for the successful issuance of US$ 1.5 billion Chinggis Bond on December 29, 2012.
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