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Mayer Brown today announced that it has advised Trade and Development Bank of Mongolia LLC (TDB) on its recent issuance of US$300 million senior notes due 2015.

The issuance constitutes the most recent public takedown from TDB's US$700 million Euro Medium Term Note (EMTN) Programme updated earlier this year, on which Mayer Brown also advised. The notes were rated B1 by Moody’s.

ING Bank N.V., Singapore Branch and Merrill Lynch International acted as joint lead managers and TDB Capital acted as the co-manager.

TDB is the oldest and largest commercial bank in Mongolia. It offers a full range of banking and financial services and also acts as a primary lender to most of Mongolia’s leading corporations as well as to many foreign corporations.

"Mayer Brown has built a long-standing relationship with TDB and we are delighted to have advised them on yet another international capital markets issuance," said Jason T. Elder, a partner of Mayer Brown LLP based in Hong Kong. "We see great potential in Mongolia's banking sector, and we look forward to continue assisting TDB as they explore future business opportunities."

The Mayer Brown team was led by Corporate partner Jason T. Elder in Hong Kong.