Today /2023-09-04/ the ringing of the bell ceremony was organized in the trading hall of “Mongolian Stock Exchange” JSC and started the primary market for the "Lend Bond," offered publicly by the "LendMn NBFI" JSC.

At the ceremony, T. Khash-Erdene, Chief of the Business Development Department of MSE, B. Dulguun, Head of the Securities Department of “The Financial Regulatory Commission”, N. Tsevegmid, Deputy Director of “Rhinos Investment” LLC, B. Ulziibayar, Executive Director of “Ulzii & Co Capital” LLC, and Ts. Uuganbayar, CEO of “LendMN NBFI” JSC, and other officials participated and rang the bell to open the trading session.

T. Khash-Erdene, Chief of the Business Development Department of "Mongolian Stock Exchange" JSC, opened and stated that “Since 2018, "LendMN NBFI" JSC has been expanding its operations and using technological advancements in the domestic market to develop a fintech business model, and through the LendMN application, it has been providing low-cost consumer micro-loan services to its customers. As a result of the trust and feedback of more than 1.1 million customers, which is growing day by day, "LendMN NFBI” JSC has increased its loan portfolio by 110 percent, income by 62 percent, and profit by 42 percent in 2022.”

B. Dulguun, Head of the Securities Department of “The Financial Regulatory Commission” stated that "LendMN NBFI" JSC, which specializes in company bonds in the Mongolian capital market, is an experienced company that is issuing bonds for the fifth time. In recent years, the FRC has taken policy measures, one of which is the new procedure for registering debt instruments. In Mongolia, company bonds were issued for the first time in 2001, and since then, in 2020-2021, less than 20 companies have collected about 30 billion MNT from the public, while in the last 2 years, more than 20 new bonds have been issued in the market and have successfully collected about 50 billion MNT.

Ts. Uuganbayar, CEO of “LendMN NBFI” JSC, left a note in the Mongolian Stock Exchange memorial book, saying, “We use technological solutions to bring financial equality and accessibility to the public. We would like to thank the Financial Regulatory Commission, the Mongolian Stock Exchange, and the Securities and Exchange Department for providing our operations with basic infrastructure and policy regulation.”

MONGOLIAN STOCK EXCHANGE