Dev Bank of Mongolia out with first Samurai

By Virginia Furness
13 Dec 2013

State-run Development Bank of Mongolia is issuing its first Samurai, one that will be backed by a guarantee from the Japan Bank for International Cooperation (JBIC).

Nomura and Daiwa have been mandated for the 10 year bond, and one of the bankers on the trade said the size was expected to be smaller than the usual ¥50bn ($484m) seen in the JBIC-guaranteed Samurai markets. The deal is slated for early next week, added the ...

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