Ulaanbaatar
"XacBank" LLC Issues Securities on the Stock Exchange
Economy
Ulaanbaatar, July 24, 2023 /MONTSAME/. "XacBank" LLC, which
issued securities on the stock exchange, presented its report on the use of
funds collected from the public.
The company, whose shares were
traded on May 29 of this year after conducting an IPO in the stock market,
collected MNT 35.7 billion. Disbursement of funds collected as of June 30 of
this year:
• Citizen loan portfolio: MNT 17.8
billion
• Corporate loan portfolio: MNT
410.9 million
• Financial leasing package: MNT
2.7 billion
• The unspent balance of net
financing is MNT 13,463,776,627
The company plans to finance
the bank's main product, lending, as follows, net of the direct costs
associated with issuing securities. It includes:
• 66 percent of citizens' loan
portfolio or MNT 22.5 billion
• Corporate loan portfolio 19
percent or MNT 6.5 billion
• 15 percent of financial
lease package or MNT 5.1 billion
"XacBank" LLC
offered 5.0 percent of its total shares or 52,700,000 shares to the public at MNT
677 each, and raised a total of MNT 35,677,900,000.
