Mongolia has paid a USD 580 million debt bonded by the Development Bank LLC. Prime Minister J.Erdenebat has confirmed that this sum has been fully transferred on time and in advance of the 21st of March expiry date. It represents an attempt to regain the trust of international investors trust in Mongolia.
The Government issued the USD 600 million Khuraldai bond for the repayment of this debt. The Khuraldai is a seven-year bond with an interest rate of 7.5-8.5 percent.