Today, April 2, 2024, the ringing of the bell ceremony was organized in the trading hall of the “Mongolian Stock Exchange” JSC and started the primary market trading for ‘Bichil 3.0’ asset-backed securities issued by “Bichil ABS LOYALTY TZK” LLC. 

  Tsogtbayar, J., the interim CEO of the "Mongolian Stock Exchange" JSC; Tserenbadral, T., Deputy Chairman of the Financial Regulatory Commission; Gantulga, N., Chairman of the Board of Directors of “Bichil ABS Plus TZK" LLC; Otgonbat, S., CEO of “Bichil Globus Finance” NBFI; Ulziibayar, B., CEO of “Ulzii and Co Capital UTsK” LLC; and other officials participated in the ceremony. 

Tsogtbayar, the interim CEO of "Mongolian Stock Exchange" JSC, opened the ceremony and stated: 

“Bichil Globus Finance" (NBFI) was founded in 2008, commencing its operations by offering instant microcredit services to the public. In 2011, the experienced team attracted its initial investment of 1.0 million US dollars from Australia. Furthermore, it acquired a special license in 2013 to conduct non-banking financial activities, leading to the provision of microfinance services to the public with a loan portfolio of 81.5 billion MNT. 

“Bichil ABS Plus TZK" LLC offered up to 200,000 asset-backed securities with a value of 100,000 MNT each, and primary market trading will be accepted from today until April 8 from 10:00 to 17:00. I congratulate the team of “Bichil ABS Plus TZK" LLC and wish them success in their trading activities." 

Tserenbadral, T., Deputy Chairman of the Financial Regulatory Commission: 

Over the past few years, there has been a notable rise in the number of products listed on the stock exchange. Notably, businesses are actively seeking to raise funds by issuing ABS. For instance, within the last 3 years alone, 11 ABS were listed on the stock exchange, successfully raising 144 billion MNT. Furthermore, during this same period, companies introduced 47 products to the public, resulting in a collection of 1.6 trillion MNT. 

In addition, in 2024, amendments are planned to be made to the "Company Law" along with the "Securities Market Law." In this regard, the Financial Regulatory Commission will include detailed provisions on the distribution of dividends by joint-stock companies and will issue detailed regulations on when investors will receive the benefits of their dividends. He emphasized that the Financial Regulatory Commission is working to protect the interests of investors while supporting issuers.   

Ulziibayar. B, CEO of “Ulzii and Co. Capital UTsK” LLC: 

Today, the first fixed-income product for 2024 and the first ABS orders are open. This process can be seen in "Bichil ABS Loyalty TZK" LLC, showing how a responsible, reliable, and stable organization can use the opportunities of the capital market to raise money from the market, expand its business, and continue to grow with this momentum. I would like to thank the staff of the Financial Regulatory Commission and the Mongolian Stock Exchange for supporting our cooperation." 

The trading session of the Mongolian Stock Exchange commenced with the ringing of the bell by Gantulga. N, Chairman of the Board of Directors of “Bichil ABS Plus TZK" LLC, and Otgonbat. S, CEO of “BIchil Globus Finance” NBFI, left a note in the honorary guest book of the “Mongolian Stock Exchange: JSC. 

MONGOLIAN STOCK EXCHANGE