MONGOLIA’S PARTICIPATION IN THE INTERNATIONAL BOND MARKET

 

Mongolia has implemented a policy of attracting external financing by issuing bonds in the international capital markets. Government bonds issued by Mongolia are actively traded in global and Asian financial markets.

At present, the total outstanding volume of Mongolia’s sovereign bonds in the international market has reached approximately USD 5.6 billion, reflecting the continued participation and confidence of international investors.

Participation in the international bond market plays a significant role in optimizing the structure of external debt, creating refinancing opportunities, and supporting macroeconomic stability.

Mongolia has issued several major sovereign bonds in international markets, including:

“Chinggis” Bond – 2012

“Mazalai” Bond – 2016

“Khuraldai” Bond – 2017

“Gerege” Bond – 2017

“Nomad” Bond – 2019

“Century” Bond – 2023

These bonds have played an important role in supporting economic development, infrastructure financing, budgetary needs, and the refinancing of external debt obligations.

Recently, capital inflows through the Southbound Connect channel from mainland China have been increasing, contributing to higher trading activity on the Hong Kong Stock Exchange.

In line with this market momentum, UBIM is studying potential financing structures and exploring the feasibility of municipal bond issuance to secure new funding sources for the implementation of strategic projects in the capital city.

Sources:

Ministry of Finance of Mongolia, Bank of Mongolia, CBonds, Montsame