To honor the occasion of the public issuance of the “ETT Bond” by the Erdenes Tavantolgoi JSC, Mr. Batnairamdal, Deputy Minister of Ministry of Mining and Heavy Industry, Mr.Bayarsaikhan, Chairman of FRC; Mr.Gankhuyag, CEO of ‘Erdenes Tavantolgoi’ JSC; Mr.Dayanbilguun, CEO of ‘BDSec UTsK’ JSC; Mr.Achit-Erdene, President of ‘MICC’ LCC and Mr.Altai, CEO of MSE, have participated in the opening ceremony for commencement of the ‘ETT Bond’ subscription and rung the bell to open the 6,440th trading day of MSE.
The ‘ETT bond’ is part of the “MNT 10 trillion Comprehensive Plan for Economic Recovery” implemented by Government of Mongolia, and will raise up to MNT 2.0 trillion worth self-guaranteed MNT and USD bonds in three phases. This bond will finance the major infrastructure projects such as the Tavan Tolgoi Thermal Power Plant, Coal Processing Plant, Water Supply Plant, and Railway. In the first phase, total of MNT 600.0 billion worth bonds will be offered to public with 10 percent annual coupon rate for MNT and 6.8 percent annual coupon rate for USD. This issuance will raise the highest proceeds in Mongolian domestic market as well become the first domestic bonds to finance the infrastructure projects.
"BDSec UTsK" JSC is serving as the lead underwriter along with ‘MICC’ LLC as the supporting underwriter. The primary market trading orders will be open through MSE member brokerage companies between 10:00-17:00 hours during the period between March 30, 2021 and April 2, 2021.
MONGOLIAN STOCK EXCHANGE