Mayer Brown JSM is pleased to announce that it has advised Development Bank of Mongolia LLC ("DBM") and the Ministry of Finance of the Government of Mongolia on its recent issuance of US$580 million senior guaranteed bonds.
The issuance represents the first takedown from DBM's US$600 million Euro Medium Term Note (EMTN) Programme established late last year, and on which Mayer Brown JSM also advised.
Press reports indicate significant global demand for this inaugural issuance by DBM, and note that the transaction is particularly noteworthy as it represents a quasi-sovereign offering as the notes are fully and irrevocably guaranteed by the Ministry of Finance on behalf of the Government of Mongolia.
"We are honoured to represent DBM and the Ministry of Finance of the Government of Mongolia on its inaugural issuance," said Jason T. Elder, partner of Mayer Brown LLP and a Registered Foreign Consultant (New York, USA) of Mayer Brown JSM.
"Our Firm appreciates the opportunity to represent DBM and the Government of Mongolia with this important transaction, which marks yet another step in our institutional commitment to Mongolia generally. We believe that DBM will be a key channel for international capital flows into Mongolia, and a catalyst for Mongolia's expected growth in the next decade. This transaction sets the foundation to fund domestic infrastructure investment and represents a milestone in our Firm's broad footprint in Mongolia."
The Mayer Brown JSM team was led by corporate partner Jason T. Elder in Hong Kong.
You have no pages selected. Please select pages to email then resubmit.