Published on 9/13/2012 in the Prospect News Emerging Markets Daily.
New Issue: Trade and Development Bank of Mongolia's $300 million 8½% notes due 2015 yield 8 5/8%
By Aleesia Forni
Columbus, Ohio, Sept. 13 - Trade and Development Bank of Mongolia priced a $300 million issue of 8½% notes due 2015 at 99.676 to yield 8 5/8%, a syndicate source said.
Bank of America and ING were the bookrunners.
The commercial bank is based in Ulaanbaatar, Mongolia.
| Issuer: | Trade and Development Bank of Mongolia
|
| Issue: | Notes
|
| Amount: | $300 million
|
| Maturity: | Sept. 20, 2015
|
| Bookrunners: | Bank of America, ING
|
| Coupon: | 8½%
|
| Price: | 99.676
|
| Yield: | 8 5/8%
|
| Trade date: | Sept. 13
|
| Settlement date: | Sept. 20
|
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