Bloomberg News

Mongolia Development Bank Said to Have Sold First Bond at 7%

December 20, 2011

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 yhumber@bloomberg.net; Yusuke Miyazawa in Tokyo at ymiyazawa3@bloomberg.net

To contact the editors responsible for this story: Shelley Smith at ssmith118@bloomberg.net; Rebecca Keenan at rkeenan5@bloomberg.net


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