Ulaanbaatar
Funds Raised from Bond to Be Allocated for Milk and Dairy Production
Economy
Ulaanbaatar, June 19, 2025 /MONTSAME/. The Asian Development Bank (ADB) has priced its second Mongolian Tugrug (MNT) bond for this year, raising around USD 15.6 million.
Funds raised from the bond will be invested in the
Mongolian milk and dairy products sector project. Specifically, within the
framework of the “APU Dairy LLC – Inclusive Value Chain Development Project,”
investments will be dedicated to constructing a new factory building,
increasing packaging capacity, establishing raw milk collection points, and
meeting working capital needs. The project aims to foster a sustainable system
of domestic milk supplies and boost the inclusivity of women in the industry.
The MNT-denominated bond has a maturity of 6.1 years and a
fixed coupon rate of 10.3 percent. The bond carries the largest notional amount
and longest tenor for an MNT bond since the “Nomad” bond, issued by the ADB in
2020.
