The "Bogd Bank" JSC, a newly registered in TIER 1 of the Mongolian Stock Exchange, offered 20% or 12,500,000 shares of its total shares to strategic investors and the public, and primary market subscriptions were received from December 1 to December 7, 2021, from 10:00 to 16:00.

Total of 1,243 individuals and entities subscribed for shares worth MNT 33,203,357,520, which is an oversubscription of 4.6 percent. Accordingly, “Bogd Bank” JSC was able to become the first public company within banking sector reform.

According to the allocation policy by the lead underwriter “MICC UTsK” LLC, an order of up to 100 shares submitted by strategic investors and the public will be fully fulfilled, and the remaining balance will be allocated on an 86.5% pro-rata basis.

The right to redeem extra payment shall be effective upon FRC’s declaration of the company’s primary market trading as successful.

MONGOLIAN STOCK EXCHANGE