Dec. 20 (Bloomberg) -- The Development Bank of Mongolia LLC, a state-backed lender, has sold $20 million of its first bonds, according to a person with direct knowledge of the deal.
The one-year notes were offered at a coupon of 7 percent, said the person, who asked not to be identified because the deal is private.
--Editor: Pavel Alpeyev
To contact the reporters on this story: Yuriy Humber in Tokyo at firstname.lastname@example.org; Yusuke Miyazawa in Tokyo at email@example.com
To contact the editors responsible for this story: Shelley Smith at firstname.lastname@example.org; Rebecca Keenan at email@example.com