THE “CAPITAL CITY BOND” OFFERING HAS CLOSED SUCCESSFULLY, MARKING THE NEXT STAGE OF FINANCING FOR THE THERMAL POWER PLANT NO. 5 PROJECT

 

The offering of the “Capital City Bond” in Mongolia’s domestic securities market has closed successfully, marking an important milestone that further reinforces the practical viability of financing the strategically significant Thermal Power Plant No. 5 project in Ulaanbaatar through market-based funding sources.

This transaction is notable not only for supporting the financing of a single project, but also for demonstrating that major municipal infrastructure and mega projects can increasingly be financed through the domestic capital market.

As a result of the offering, the foundation for financing the Thermal Power Plant No. 5 project has been further strengthened, making it increasingly feasible to:

meet the city’s growing demand for energy;

establish a new energy source with the capacity to supply electricity to 100,000 households and heating to 40,000–50,000 households;

implement strategic projects through a diversified and multi-pillared financing structure.

UBIM professionally led the development of the financing and investment solution for the Thermal Power Plant No. 5 project through the Capital City Development Fund, using proceeds raised from the Capital City Bond. UBIM also organized the meeting of unit holders and facilitated the approval of the relevant resolutions and decisions.