Ulaanbaatar
Mongolia repays first part of USD 1.5 billion of Chinggis Bond
Economy
Ulaanbaatar /MONTSAME/ On January 5, Mongolia paid USD 500 million debt of Chinggis Bond as Prime Minister U.Khurelsukh confirmed debt repayment transaction at the Ministry of Finance.
In 2012 Government of Mongolia released Chinngis Bond, raising USD 1.5 billion with a condition to repay USD 500 million in 2018 and remaining USD 1 billion in 2022. According to the condition, the first part of debt USD 500 million and its interest repaid on January 5, 2018.
At the event of transferring the debt repayment, Minister of Finance Ch.Khurelbaatar said "Mongolia will repay debt amounted to MNT 3.5 trillion in 2018. Today, the debt of Chinggis Bond was completely repaid." The Minister also noted that the Ministry of Finance opened a notebook, writing a list of debts on it to remember every single day that Mongolia has debts to repay. He then handed over the notebook to the Prime Minister.
E.Altanzul
