THE FIRST STAGE TRADING OF "ETT BOND" HAS BEEN SUCCESSFULLY COMPLETED

THE FIRST STAGE TRADING OF "ETT BOND" HAS BEEN SUCCESSFULLY COMPLETED

14 Apr 2021 06:45

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 the planned target.

 

964 business entities and individuals participated in the trading and raised 336.6 billion MNT with a 10% interest rate and 119.7 million USD with a 6.3% -6.8% interest rate.

 

This capital was raised by hundreds of Mongolian citizens, businesses, and several banks and is expected to make a significant contribution to the company's future growth and development in Mongolia.

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