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Commentary & Deal Flow

NEW ISSUE: Development Bank of Mongolia US$ bmk 5yr Sr Unsec; 7.6%a

EM CEEMEA: Deal Flow - GeneralEM CEEMEA: Deal Flow - SSAEM Asia: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

IPT

Development Bank of Mongolia LLC

5yr

25-Jun-31

bmk

Sr Unsec

Fixed

7.6%a


IPTs: 5yr: 7.6%a

  • Issuer: Development Bank of Mongolia LLC
  • Issuer Ratings: B1 Stable (Moody's) / BB- Stable (S&P) / B+ Stable (Fitch)
  • Expected Issue Ratings: B1 (Moody's) / BB- (S&P)
  • Instrument: Senior Unsecured Fixed Rate Bonds (the "New Bonds")
  • Format: 144A / Reg S
  • Issue Size: US$ Benchmark
  • Tenor: 5-year
  • Listing: Singapore Stock Exchange
  • Denominations: US$ 200k / US$ 1k
  • Governing Law: New York Law
  • Clearing: DTC
  • Use of Proceeds: The Issuer intends to use a portion of the proceeds of the Notes to repurchase Concurrent Transaction Bonds and to pay certain costs and expenses related to the Concurrent Transaction. The Issuer intends to use the balance of the proceeds remaining after the settlement of the Concurrent Transaction to fund its business operations, including lending operations.
  • JBRs and JLMs: HSBC (B&D), ING and J.P. Morgan
  • Timing: Today's business, during New York morning hours
  • Pricing: 25-Jun-26
  • Settle: 27-Jun-26 (T+2)