Ulaanbaatar
Primary market trading order of "Lend Bond” launches
Economy
Ulaanbaatar /MONTSAME/ In regard with opening of primary market trading order of “Lend Bond” being offered by “Lend MN” non-banking financial institute (NBFI) JSC listed on the Mongolian Stock Exchange (MSE), a bell ringing ceremony took place today, June 15.
Chief of Staff of the Financial Regulatory Commission T.Jambaajamts, Executive Director of the “Mongolian Stock Exchange” state owned company Kh.Altai, Chairwoman of Board of Directors of “Lend MN” NBFO JSC Ts.Odmaa, Executive Director of “Lend MN” NBFI JSC O.Boldbaatar and Executive Director of “Ard Capital Group” LLC B.Ulziibayar attended the event, ringing the bell to launch trading of 6245th IPO of the MSE. This is special as becoming the first open bond of fintech sector of Mongolia.
Based on the FRC Resolution No.482 of June 10, 2020, FRC has listed and approved for trading the 50,000 units of debt instruments worth MNT 5 billion, each instrument with MNT 100,000 nominal value and 17% annual coupon rate, offered by the ‘LendMN NBFI’ JSC and collateralized by its shares.
‘Ard Capital’ LLC is serving as the lead underwriter with ‘Mirae Asset Securities Mongolia’ LLC as the supporting underwriter. The primary market trading orders will be received through MSE member brokerage companies between 10:00-17:00 hours during June 15-18, 2020 and 10:00-15:00 hours on the last day of order, June 19, 2020.
