/ Feb 23, 2016

TDB WAS AWARDED “BEST HIGH YIELD” BOND

The Finance Asia magazine awarded “the USD 500 million bond of Trade and Development Bank” as the “Best High Yield” bond of 2015. The Achievement Awards of Finance Asia magazine is a well-known event that grabbed attention from worldwide banking and finance sectors. Therefore, the recognition of “Best High Yield” award was an important occasion to increase the reputation of Mongolia. 

TDB’s new bond shows that Mongolia has awakened its credibility with foreign investors once again and positions Mongolia on the edge of a new economic growth era. The issue met TDB’s objective of a broad institutional placement with asset managers and hedge funds taking up 90%, private banking accounts 5%, financial institutions 5%.

TDB is the first ever Mongolian commercial bank to issue bonds and the only Mongolian repeat bond issuer. This was the fifth time TDB issued Debt Notes on the international capital market, after three successful senior unsecured USD deals in 2007, 2010, and 2012, respectively, and country’s first ever offshore CNH issue in 2014. 

We, on behalf of globally acknowledged TDB, would like to congratulate and thank all employees, valued customers, and partnering organizations for their effort and commitment.

TOGETHER TOWARDS PROSPERITY

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