A NEW STANDARD HAS BEGUN FOR FINANCING LOCAL DEVELOPMENT THROUGH THE CAPITAL MARKET

🇲🇳 The bell ringing ceremony to open the primary market trading of the “Umnugovi Bond” debt instrument was held today at MSE Hall of the Mongolian Stock Exchange JSC.

✅ The “Umnugovi Bond” is the first local government bond to raise financing from the capital market. It is notable for opening a practical pathway to finance provincial and local development projects and programs through market based funding sources.

📊 The ceremony was attended by Members of Parliament, representatives of the Financial Regulatory Commission, the Mongolian Stock Exchange, the leadership of Umnugovi Province, and capital market participants. Mandal Capital Markets Securities LLC is serving as the underwriter of the bond.

➡️ The development of the local bond market is important for reducing pressure on public budgets, diversifying funding sources for development projects, and offering new investment products to investors.

🇲🇳✅UBIM is expanding its cooperation in aligning capital market instruments with strategic projects and programs of provinces and local governments, as well as professionally preparing the groundwork for local bond issuance.