BOGD BANK JSC SUCCESSFULLY RAISES USD 75 MILLION FROM THE INTERNATIONAL CAPITAL MARKET

🇲🇳 Bogd Bank JSC has successfully issued a USD 75 million bond in the international capital market with a three year maturity and a fixed annual coupon rate of 9.50 percent.

✅ The bond was listed on the Vienna Stock Exchange in Austria, and the proceeds have been fully raised.

✅ The proceeds from the bond issuance will be allocated in stages to support the expansion of the bank’s core operations, as well as the financing needs of small and medium sized enterprises, exporters, trade and manufacturing businesses, and the broader private sector.

📌 J.P. Morgan, a leading international investment bank, acted as the global coordinator and underwriter for the transaction, while Frontier Strategies served as the strategic partnership and structuring advisor.

🇲🇳✅ UBIM is working to align Ulaanbaatar’s major development projects and programs with capital market solutions, private sector participation, and international financing opportunities.

✅ Bogd Bank JSC’s successful bond issuance represents a significant milestone in expanding Mongolian financial institutions’ access to international capital markets and contributes to establishing a stronger foundation for long term financing in Mongolia’s financial sector.