Skip to main content


  • AddRemove
  • Build a Report 
News Releases

Mayer Brown JSM advises Trade and Development Bank of Mongolia LLC on Mongolia’s first “dim sum” bond offering

28 January 2014
Mayer Brown JSM today said it has advised Trade and Development Bank of Mongolia LLC (“TDB”) in connection with its issuance of CNY700 million 10.00 percent Notes due 2017 pursuant to its existing US$700 million Euro Medium Term Note Programme. This transaction marks the first “dim sum” bond to be issued from Mongolia, and TDB plans to use the proceeds for general lending and investment purposes.

CLSA Singapore Pte. Ltd., Deutsche Bank AG, Singapore Branch and ING Bank N.V., Singapore Branch acted as joint bookrunners for the transaction. The Notes received a B1 rating from Moody’s Investor Service with a negative outlook, and were admitted to the Official List of the Singapore Exchange Securities Trading Limited.

Mayer Brown LLP partner Jason T. Elder (Registered Foreign Consultant, New York), who led the transaction, said: “We are pleased to have acted for long-standing Firm client, Trade and Development Bank of Mongolia, on this landmark issuance. This ground-breaking transaction represents a new step for capital markets issuers in Mongolia, and allows another segment of investors access to the Mongolian growth story. We are pleased to have been selected to work on such a high-profile transaction for TDB, and the opportunity to enhance our extensive experience in Mongolia.”

In addition to Jason T. Elder in Hong Kong, the Mayer Brown team included partner James Taylor in London, and associate Nishrin Hussain, Chenbo Zhang (Registered Foreign Lawyer, New York), and legal assistants Stephanie Hurst and Karen Chong in Hong Kong.

Media Contact

  • John Tuerck
    Director of Public Relations
    T +1 312 701 8280

Related Information

  • Related People
    Jason T. Elder
    Partner, Registered Foreign Consultant (New York, USA)
    T +852 2843 2394
    James Taylor
    T +44 20 3130 3136
    Nishrin A. Hussain
    T +852 2843 2494
    Stephanie M. Hurst
    T +1 213 229 5140

The Build a Report feature requires the use of cookies to function properly.  Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently.  If you do not accept cookies, this function will not work.  For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.