On March 05, 2021, ‘Erdenes Tavantolgoi’ JSC submitted a request to Mongolian Stock Exchange to issue the highest amount of up to 2 trillion MNT bonds in the financial market. The bond will be issued in both currency of MNT and USD to the implementation of major projects such as construction of strategically important railways, coal processing  and thermal power plants.

The event was attended by Ashidmunkh.S, Head of securities and finance department of “Erdenes Tavantolgoi” JSC, Dayanbilguun.D, leading underwriter and executive director of “BDSEC” JSC, Gantulga.S, underwriter and director of  “MICC” JSC, and Altai.Kh, CEO of Mongolian Stock Exchange.

The request will be reviewed by the Mongolian Stock Exchange and the Financial Regulatory Commission, and order of primary market will begin once the relevant approval is issued.

By issuing bond and investing in infrastracture, the company plans to mine 186.1 million tons of coal, sell 172.6 million tons of coal which resulting to have a total revenue of 10,742.4 million USD, a net profit of 3,664.4 million USD, and contribute 2,479.9 million USD to the state budget in 2021-2025.

MONGOLIAN STOCK EXCHANGE