Ulaanbaatar
Four Government Bonds Fully Paid Off
Economy
Ulaanbaatar, January
25 /MONTSAME/. The Government of
Mongolia has issued nine bonds on the international stock market so far, namely
“Chinggis-18,” “Chinggis-22,” “Dim Sam,” “Mazaalai,” “Khuraldai,” “Gerege,”
“Nomad,” “Century-1,” “Century-2”.
According to the Bank
of Mongolia, four of the government’s bonds have been completely paid off, and
the remaining bonds have been partially paid.
Mongolia has managed
to arrange a considerable amount of debt repayment that is due in 2023 at the
beginning of this year. Specifically, the Government of Mongolia and the State
Bank have issued a “Сentury-2” bond and successfully raised USD 650 million
from investors. It allowed the government to refinance “Gerege,” which had to be
repaid this year, and “Khuraldai,” which is due next year.
Moreover, the
Government of Mongolia fully paid off the remaining payment of USD 132.6
million “Mazaalai” bond on April 6, 2021, and the outstanding USD 60 million payment
of USD 250 million received from Credit Suisse Bank on March 15, 2021.
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