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Government bond price ratings increase www.gogo.mn
The prices for Mongolia's government bonds in the international market began to increase after Moody’s issued an upgrade for the nation's credit rating.
The price of the seven-year Gerege bond rose by 0.01 percent for a value of 102.91 USD, while the price of the ten-year Chinggis bond rose by 0.2 percent for a value of 100.93 USD.
Increasing exports in 2017 have opened the door for greater revenue for Mongolia, with export value totaling six billion USD for the first time. Mongolia’s budget deficit saw a decrease in 2017, and the balance of payments surplus increased.
The Government of Mongolia issued two bonds in 2017, valued at a total of 1.4 billion USD, which helped reduce the financial needs of the Government of Mongolia, Moody’s highlighted.
Published Date:2018-01-24
