For the first time in Mongolia, “Erdenes Tavantolgoi” JSC has announced the issuance of “ETT Bond” with a total value of up to 2 trillion MNT in order to implement major projects and finance working capital.
The first phase was successfully organized by opening a trade worth 600 billion MNT on March 30, 2021, and closed on April 9, 2021 at 17:00.
Within the framework of the primary market trading and financing program, a total of 677.7 billion MNT of orders were submitted by stakeholders and fully met planned target.
964 business entities and individuals participated in the trading and raised 336.6 billion MNT with 10% interest rate and 119.7 million USD with 6.3% -6.8% interest rate.
These capitals raised by hundreds of Mongolian citizens, businesses and several banks and are expected to make a significant contribution to the company's future growth and development in Mongolia.