On March 26, 2021, the Financial Regulatory Commission (FRC) approved the 2 trillion MNT bond of Erdenes Tavan Tolgoi JSC, the largest taxpayer and have largest shareholder in Mongolia, to be offered to the public in three stages and withdrawn from the primary securities market.
It offers individuals and legal entities the opportunity to increase their capital by offering open and reliable corporate bonds with relatively high interest rates than bank deposits, stable and profitable operations.
This is the first time that the bond has been issued in foreign currency, the US dollar, on the domestic stock exchange, which has the advantage of being protected from depreciation.
In the first phase, a total of MNT 600 billion worth of bonds will be offered to the public in MNT and USD options. The purchase order for this stage has started and will last until April 9, 2021.
Anyone can buy any number of these bonds, whether foreign or domestic citizens, companies, commercial banks, insurance companies or investment funds.
An investor who wants to buy a bond can buy the bond through a Mongolian Stock Exchange listed Securities company that opened 1,072 shares of Erdenes Tavan Tolgoi JSC.