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ADB launches 2nd Mongolian togrog bond in 2025 www.xinhuanet.com
The Asian Development Bank (ADB) said Wednesday that it has priced its second Mongolian togrog (MNT) bond for the year, raising 55.8 billion togrog (approximately 15.6 million U.S. dollars) to support a dairy project in Mongolia.
In a statement, the ADB said the 6.1-year MNT-denominated bond carries a fixed coupon rate of 10.30 percent. The bond carries the largest notional amount and longest tenor for an MNT bond issued by ADB since its inaugural nomad bond issued in 2020.
"Bond proceeds will finance the construction of a new factory building, expansion of dairy processing and packaging capacity, establishment of raw milk collection centers, and working capital needs of APU Dairy Inclusive Value Chain Development Project," the ADB statement read.
It added that the project will support sustainable dairy supply from local resources and enable more women to participate in Mongolia's dairy supply chain production.
Published Date:2025-06-18
