5 December 2011, Hong Kong – Mayer Brown is pleased to announce that it has advised Development Bank of Mongolia LLC ("DBM") on the establishment of its landmark US$600 million Euro Medium Term Note (EMTN) Programme.
Development Bank of Mongolia is a newly formed policy bank created by the Mongolian government to foster the economic and infrastructure development of Mongolia. This EMTN programme is unconditionally and irrevocably guaranteed by the Ministry of Finance on behalf of the Government and provides DBM with a platform for future large-scale fundraisings.
ING is sole global coordinator on the transaction while Deutsche Bank, HSBC and ING were appointed to act as the joint arrangers and dealers of the programme.
"We are honoured to have been involved in this milestone transaction for DBM," said Jason T. Elder, a partner of Mayer Brown LLP based in Hong Kong. "Mayer Brown is committed to supporting Mongolia's macroeconomic development and Government objectives. We remain excited about the future prospects and opportunities in Mongolia and this transaction represents further evidence of the economy's growth."
The Mayer Brown team was led by corporate partner Jason T. Elder.