The Government of Mongolia has issued a new $500 million bond to secure financing from international markets. This bond has a five-year maturity and is set to be repaid in 2030.
The yield has been set at 6.625%. Initially, the bond’s interest rate was expected to be 7.125%, but due to strong investor demand, it was lowered. Meanwhile, the government is proceeding with the buyback of previously issued bonds through a tender offer.
These include the Nomad (MONGOL 26) bond, maturing in 2026 with a value of $566 million, and the Hunnu (MONGOL 28) bond, which is set to mature in 2028 with a value of $650 million. The market prices of these bonds have remained relatively stable.
