Mongolia's stock market in 2016

Politics
en_khaliun@montsame.mn
2017-01-11 16:22:06

Ulaanbaatar /MONTSAME/ In 2016, at a secondary securities market of the Mongolian Stock Exchange, a total of 17 million 913 thousand and 16 units of 124 JSCs was traded costing MNT 8 billion 668 million. Block trade volume was deducted from the total amount.

On December 28, the Ard Securities JSC successfully raised capital by issuing Hunnu bonds. These bonds which were proposed in a closed manner by Hunnu Air company had a nominal value of USD 600 thousand.

Hunnu Air is planning to rent the ATR 72 aircraft with the bond capital by expanding its activities. Some people and entities jointly took part in the trading as an investor.

The issuance of Hunnu bond showed that there are still plenty of opportunities to raise funds from the stock market during the current time of economic decline with an aim to finance beneficial development projects. 

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