On Friday 8th January, by decision of the Parliament and Government, 34% of the “Mongol Post”, which is a state property stock company, has beensuccessfully privatized. The Prime Minister opened the Primary Stock Exchange by clashing the cymbals.
The “Mongol Post” privatisationwill bring MNT 6.2 billion to the State Budget. The requests to buyMNT 12.6 billion worth of stockshave been raised; this was twich what had been expected.
The Prime Minister has said: “The first IPO of 2016 has taken place successfully. Today we welcome the newest stocks of the market”.
The amount of the exchanged bonds via Stock Market has increased by 14.3%. Currently, the Stock Market is exchanging bonds to the value of MNT 5 billion. In addition it can be noted that the Mongolian Mortgage Corporarion has exchanged bonds worth MNT 20 billion.