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"XacBank" LLC Issues Securities on the Stock Exchange www.montsame.mn
"XacBank" LLC, which issued securities on the stock exchange, presented its report on the use of funds collected from the public.
The company, whose shares were traded on May 29 of this year after conducting an IPO in the stock market, collected MNT 35.7 billion. Disbursement of funds collected as of June 30 of this year:
• Citizen loan portfolio: MNT 17.8 billion
• Corporate loan portfolio: MNT 410.9 million
• Financial leasing package: MNT 2.7 billion
• The unspent balance of net financing is MNT 13,463,776,627
The company plans to finance the bank's main product, lending, as follows, net of the direct costs associated with issuing securities. It includes:
• 66 percent of citizens' loan portfolio or MNT 22.5 billion
• Corporate loan portfolio 19 percent or MNT 6.5 billion
• 15 percent of financial lease package or MNT 5.1 billion
"XacBank" LLC offered 5.0 percent of its total shares or 52,700,000 shares to the public at MNT 677 each, and raised a total of MNT 35,677,900,000.
Published Date:2023-07-25
