Bloomberg News

Development Bank of Mongolia Said to Market Bonds at 6% - 6.25%

March 13, 2012

The Development Bank of Mongolia LLC is marketing a sale of U.S. dollar bonds to yield about 6 percent to 6.25 percent, according to a person familiar with the matter.

The company hired Deutsche Bank AG, HSBC Holdings Plc (HSBA) and ING Groep NV to help arrange a series of credit investor meetings from March 8, another person familiar with the matter said last week. The Development Bank of Mongolia is wholly-owned by the government of Mongolia.

To contact the reporter on this story: Rachel Evans in Hong Kong at

To contact the editor responsible for this story: Katrina Nicholas at

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