Mayer Brown represented Mongolian Mortgage Corporation HFC LLC, the only finance company licensed to issue asset-backed securities and the sole RMBS issuer in Mongolia, on its debut US$250 million unsecured bond offering and subsequent tap issuance for an additional US$50 million.

The issuer plans to use at least 90 percent of the net proceeds from the offering to purchase mortgages with recourse and the remaining portion for general corporate purchases.

"Mayer Brown is pleased to have represented Mongolian Mortgage Corporation on its debut issuance, marking the first capital markets transaction from Mongolia in 2019," said Jason T. Elder, a Mayer Brown partner and co-leader of the firm's Corporate & Securities practice.

Mayer Brown has advised on a number of transactions for Mongolian issuers and the Mongolian government, and has won a number of awards in connection with those deals.

"This latest transaction reflects the demonstrable trust issuers and underwriters have in our capabilities, cementing our reputation as a go-to law firm for complex transactions in frontier markets," said Mr. Elder.

The Mayer Brown team was led by Corporate & Securities partner Jason T. Elder and included: Corporate & Securities – partner Thomas Kollar, counsel Leslie Cruz (Washington), foreign registered lawyers Karen Chong and Joo Park (both Hong Kong), associate Thomas De Gregoris (Chicago), corporate finance officer Sean Su (Hong Kong), and Tax Transaction & Consulting – partners Jason Bazar and Jared Goldberger, and associate Brennan Young (all New York).

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