Sunday, March 19, 2023

Tag Archives: bond sale

Mongolia attracts twice its GDP for debut bond sale

Mongolia successfully established a benchmark curve with its $1.5 billion debut bond early Thursday morning, after raking in an astounding $15 billion of orders. One banker joked that Mongolia has more yaks than people. It is not far from the truth. The landlocked country has a gross domestic product of just $8.5 billion, so orders were roughly twice the size …

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