Subsidiary of ‘MIK HOLDING’ JSC issues international bond worth USD 250 million

2019-01-31 15:03:21

Ulaanbaatar /MONTSAME/ ‘MIK HFC’ LLC, a wholly-owned subsidiary of MSE listed ‘MIK HOLDING’ JSC issued bond worth USD 250.0 million at international financial market successfully. The bond’s annual yield is 9.75% with 3 years duration.

The company has a credit rating of ‘B’ from international rating agencies, which is the same level as credit rating of Mongolia as a country. It has become the first MSE-listed company to issue bond at an international market.

Source: Mongolian Stock Exchange