Mongolia pays up for $500m as investors shrug off fears

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By Narae Kim
31 Mar 2016

The Government of Mongolia finally dipped its toes into the international bond market, raising $500m from a 144A five year trade this week. The sovereign managed to assuage investors concerned about the twin headwinds of volatile commodities prices and slowdown in China, but had to pay up in the process. Narae Kim reports.

Having obtained approval to raise up to $1bn in the international debt market this year, the sovereign was weighing its options to find the best way to meet its fundraising goals, with both loans and bonds on the cards. 

“Going for loans was actually cheaper than bonds but ...

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