According to the Resolution No.:938 of Financial Regulatory Commission dated on October 21, 2020 and the Order No.: A/75 of CEO of Mongolian Stock Exchange dated on November 12, 2020, asset backed securities, issued by “Investor Active SPC” LLC, were listed on the MSE. The securities have the following conditions:
Name of securities: Invescore Active ABS
Volume: 10,000
Face value: MNT 400,000
Total value: MNT 4,000,000,000
Interest: 16.4% per annum
Period: 24 months
Frequency of interest payment: every 3 months
This has become the first ABS to be offered publicly in Mongolian capital market, and it will provide investors to invest in product that pays a fixed interest rate and higher interest rate than average deposit rate.
MONGOLIAN STOCK EXCHANGE