The "Suu" JSC, a tier 1 listed company, is issuing the “Suu Bond” which priced at MNT100,000 with an annual interest rate of 17.5% and has a 1 year maturity and a total value of MNT6 billion. The "Suu Bond" will be publicly traded on June 29th, 2017.
In relation to this, Mrs. Davaasuren.S, Chairman of the FRC, Mr. Ganbaatar.D, Board Chairman of "Suu" JSC, and Mr. Gantulga. B, Chief Executive Officer of "Suu" JSC, have participated in the opening ceremony of the subscription process of the "Suu Bond" and rung the bell to open the 5503th trading of MSE.
Mongolian companies have started to raise capital from the domestic capital market since 2001 and, as of today, 12 companies successfully raised 14 debt instruments with a total value of MNT18.6 billion on the Mongolian Stock Exchange. The first debt instrument, worth MNT5.3 billion, was issued by “Barilga Corporation” JSC /MSE:BRC/ and the most recent one was issued by “Erchim Engineering” LLC and raised MNT500 million in 2015.
“Suu Bond” will become the highest capital raising debt instrument since 2011, and also it will exceed the historical record of debt instruments investment in the Mongolian capital market, if the primary market trading process goes successfully. This bond indicates the positive outlook for Mongolian capital market.
“Golomt Capital” LLC is working as an underwriter jointly with “Tenger Capital” LLC and “Ard Capital” LLC and the subscription process will continue until 12 pm, June 29th, 2017.
MONGOLIAN STOCK EXCHANGE