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

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

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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.

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