Mongolian sovereign bond essential for more activity

04 Jan 2011

The Ulan Bator government must issue international bonds to encourage Mongolian banks and corporates to follow, says Randolph Koppa, president of the Trade and Development Bank. He notes that many companies want to raise funds as the country’s economy booms.

The Mongolia government must begin issuing benchmark international bonds to offer local corporates and financial institutions the confidence to conduct similar deals, says Randolph Koppa, president of the Trade and Development Bank of Mongolia (TDB).

Ulan Bator was set to issue US$1 billion of bonds in the fourth ...

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