Development Bank of Mongolia wants to repay samurai bonds early

Chicago, May 13 – Development Bank of Mongolia is exploring early repayment options for the bank’s ¥30 billion 1.52% samurai issue due December 2023, according to a news release.

An order has come from the prime minister to explore potential options to improve the overall debt profile of the issuer.

The bonds were originally issued in 2013 and are guaranteed by Japan Bank for International Cooperation.

Proceeds were used to finance affordable housing, processing factories and agricultural projects in Mongolia.

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