Mayer Brown JSM advises ING Bank N.V. on US$20 million private placement for MIAT Mongolian Airlines
21 January 2014
Mayer Brown JSM today said it has advised ING Bank N.V., Singapore Branch ("ING") as arranger and book runner on the issuance by MIAT Mongolian Airlines ("MIAT") of US$20 million floating rate guaranteed notes due in December 2018. The notes are guaranteed by the Ministry of Finance of the Government of Mongolia, and form an important part of MIAT’s acquisition financing of a Boeing 767-300ER aircraft.
Corporate & Securities partner Jason T. Elder, who led the transaction, said: "We are pleased to have acted for ING on this issuance, and to have continued our participation with the rapid expansion of the Mongolian economy. This important transaction for MIAT represents a substantial expansion for its fleet, and enhances its position as the national flag carrier of Mongolia. We are pleased to have been selected to work on such a high-profile transaction for ING and MIAT."
In addition to Jason T. Elder in Hong Kong, the Mayer Brown JSM team included partners Stephen Walsh, Robert Flanigan and James Taylor in London, who were assisted by associate Nishrin Hussain, legal assistants Stephanie Hurst and Karen Chong in Hong Kong as well as associate Trasa Duffy in London.