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Events
Erdenes Tavantolgoi JSC’s bonds trading launched www.montsame.mn
‘Erdenes Tavantolgoi’ JSC is offering bonds worth MNT600 billion to the public. The Financial Regulatory Committee registered the ETT’s bonds in the securities registry. Today, March 30, trading orders of the bonds have begun at the Mongolian Stock Exchange. In particular, bonds worth MNT600 billion have been issued in currencies of Mongolian tugriks (MNT) and US dollar (USD) with the maturity of 24-36 months, par value of MNT100,000 and USD100.
A ceremony to launch the trading of dual currency bonds was attended by Deputy Minister of Mining and Heavy Industry O. Batnairamdal, head of the Financial Regulatory Committee D. Bayarsaikhan, Executive Director of Mongolian Stock Exchange O. Altai and CEO of Erdenes Tavantolgoi JSC B. Gankhuyag.
At the ceremony, CEO B. Gankhuyag said that the implementation of major projects such as the construction of strategically important railways Tavan Tolgoi-Gashuunsukhait, Tavan Tolgoi-Zuunbayan, and 450MB power and thermal power plants will be financed with bonds.
Erdenes Tavantolgoi JSC offers debt instruments to the public in three phases to raise up to MNT 2 trillion. It is expected to fund the major infrastructure projects such as railway, power plant, coal processing plant which the Government plans to implement in 2020-2024, with the money raised in the domestic capital market.
Published Date:2021-03-31
