Commentary & Deal Flow

Development Bank of Mongolia LLC, rated B1/BB-/B+ (Moody's/S&P/Fitch), has mandated HSBC, ING and J.P. Morgan as Joint Bookrunners and Joint Lead Managers to arrange a series of fixed income investor meetings commencing on 22-Jun-26.

An expected US$ benchmark, 144A/Reg S, senior unsecured 5-year offering will follow, subject to market conditions. The New Bonds, if issued, are expected to be rated B1 by Moody’s and BB- by S&P.