Ulaanbaatar
Erdenes Tavan Tolgoi JSC bonds issuance approved
Economy
Ulaanbaatar/MONTSAME/. According to the CEO order
No.A-22 of the Mongolian Stock Exchange dated March 19, 2021 and the FRC
Resolution No. 96 dated March 26, 2021, ‘Erdenes-Tavan Tolgoi’ JSC’s
bonds with value of up to MNT 2 trillion have been approved for public
offering.
The bonds will be issued in currencies of
Mongolian tugriks (MNT) and US dollar (USD) with maturity of 24-36 months, par
value of MNT 100,000 and USD 100 and coupon rate of 10.0% and 6.8%,
respectively.
The Company will offer the debt instruments to public
in three phases and the proceeds will be used in implementing of major
infrastructure projects such as construction of railway, coal
processing and thermal power plants.
Source: Mongolian Stock Exchange
