The Mongolian Government has issued USD 500 million worth of bonds to the international market. In January 2016, the GoM was planning to issue “Mazaalai” bond for the value of USD 800 million. The rates, however increased, as a result of the political actions of MP G.Uyanga and the Mongolian People’s Party in their attempt to oust Prime Minister Ch.Saikhanbileg. The Government, therefore, decided to postpone the issuing of the bonds for an indefinite period until USD 500 could be raised from international markets. The bond has been underwritten by three international bodies, namely, Credit Suisse, Deutsche Bank, JP Morgan and two Mongolian organizations, namely, the Trade and Development Bank and Golomt Bank.
The purchasers, who were all owners of the previous governmental bonds, have requested to buy bonds totaling USD 780 million.