Primary market trading of ‘Lend Bond’ with face value of MNT 100,000, 14% annual interest rate, 2-year maturity issued by ‘LendMN NBFI’ JSC, a tier I listed company of MSE went successfully. The subscription period of this bond was period between June 25, 2021 and June 30, 2021 and raised MNT 5.0 billion.
The subscription for the bond from public has reached MNT7,583,500,000 which was an oversubscription of 51.6 percent, ordered by 504 investors with 505 orders.
According to the company’s allocation plan, orders of MNT2.5 billion from strategic investors and orders up to MNT 10.0 million will be fully filled, and the remaining amount will be allocated in proportion of 31.3%.
The right to redeem extra payment shall be effective upon FRC’s declaration of the company’s primary market trading of the ‘National privatization fund’ as successful.
MONGOLIAN STOCK EXCHANGE