Bloomberg: Mongolia Plans to Sell First Foreign Bond Next Month

Mongolia plans to sell its first government-guaranteed foreign bonds as soon as next month to raise funding for rail and power projects it needs to export commodities including coal. The Development Bank of Mongolia LLC has set up a $600 million euro medium-term note program which has unconditional backing from the Finance Ministry with ING Groep NV (INGA), the Dutch bank said in an e-mailed statement today. To read the full article, click hereMongolia Plans to Sell First Foreign Bond Next Month

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