/ May 18, 2020

TDB repaid its fifth medium term notes with an amount of USD 500 million wholly with its internal liquidity

 

In 2015, when Mongolia’s economic growth was declined, TDB successfully issued USD 500 million, government guaranteed notes with five-year term. It is notable that this successful issuance was of significant importance that supported country’s foreign exchange reserve and stabilized local currency.
In this time of global spread of novel corona virus, every country is experiencing difficulties in respect to their economies and trade. Successful repayment by TDB of its fifth medium term notes highlights Mongolia's reputation on the international market and restores investors' confidence.

 

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