Mongolia pays off USD 1.5 billion Chinggis BondEconomy
Ulaanbaatar /MONTSAME/. Today, on December 6, the Prime Minister of Mongolia, L. Oyun-Erdene, announced that the Mongolian government has repaid in full its inaugural USD 1.5 billion Chinggis bond in a bid to manage its debt profile.
Before the meeting with the press, the Prime Minister authorized the Minister of Finance to transfer the remaining USD 136 million of Chinggis Bond debt and signed the relevant order.
In 2012, the Government of Mongolia issued Chinggis Bond, raising USD 1.5 billion with a condition to repay USD 500 million in 2018 and the remaining USD 1 billion in 2022. According to the condition, the first part of the debt and its interest were repaid on January 5, 2018.