Mongolian Mortgage Corp pulls bond amid political turmoil

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By Morgan Davis
22 Jan 2021

Mongolian Mortgage Corp's (MIK) dollar bond market return was cancelled on Thursday after pandemic-related protests forced the country's prime minister to resign.

The Mongolian company only has one outstanding dollar bond, a $281m 9.75% 2022 deal that was printed in 2019 with a subsequent tap. The new 144A/Reg S trade was to fund a tender of the debut 2022 notes, repay any other outstanding 2022 debt, for purchasing mortgages with ...

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