The "Mongolian Stock Exchange" (MSE) organized the bell-ringing ceremony today (January 22, 2025) in the Honorable Hall of the Financial Regulatory Commission to launch the initial market trading of the "BID 2.0" bond, issued by "Business-Invest Development NBFI" LLC.

The ceremony was attended by T.Khash-Erdene, Director of the Business Development Department of the Mongolian Stock Exchange, T.Tserenbadral, Deputy Chairman of the Financial Regulatory Commission, A.Altansukh, Chairman of the Board of "Business-Invest Development NBFI" LLC, B.Ulziibayar, CEO of "Ulzii and Co. Capital" LLC, and other officials.

Opening the ceremony, T.Hash-Erdene, Director of the Business Development Department of the Mongolian Stock Exchange, said:

“Greetings! I extend my best wishes to all the distinguished guests present at the bell-ringing ceremony to mark the opening of the primary market trading of the "BID 2.0" bond issued by "Business-Invest Development NBFI" LLC.

I would like to emphasize the fact that our company, one of the oldest non-bank financial institutions in Mongolia, which has operated steadily for over 20 years in the sector and has consistently achieved 15-40% annual growth in total assets, has become the first to introduce a new product on the Mongolian Stock Exchange since the beginning of the year 2025.

Since the pandemic, a significant transformation in the non-bank financial sector has been the introduction of easy loan services through mobile applications based on fintech technology. Since 2021, your team has expanded its business by introducing innovative products based on modern trends and technological solutions, which has met consumer demands. Congratulations on your achievements and best wishes for your continued success in the market.

Starting today, your company will offer 100,000 bonds with a fixed interest rate of 18% and a 24-month term, with a unit price of 100,000 MNT, through the Mongolian Stock Exchange, with the goal of raising 10 billion MNT. The raised funds will be used to finance the company's main business and loan activities.

I invite all investors to actively participate in the trade. I wish success in the "BID 2.0" bond trading, and officially announce the commencement of the ceremony!”

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

“Three years ago, the Financial Regulatory Commission adopted a policy to diversify and develop the capital market, with a particular focus on the bond market, and introduced the Debt Instruments Regulations. This has led to the issuance of new products in the capital market, resulting in significant growth in the bond market. This process has seen active cooperation from market participants and securities companies.

The role of the capital market in Mongolia’s economy has been growing year by year. The Mongolian Parliament and Government have provided clear directions to enhance the efficiency of the capital market and increase funding opportunities.

In the last four years, businesses operating in the real sector have raised 6.3 trillion MNT in financing through the capital market. This is the result of our cooperation.

Additionally, the “Securities Market Law” was revised and passed in 2024. We are currently working on the approval of several regulations. The Savings Certificate Regulation is ready to be approved, and we are also preparing to approve the Regulation for Collective Financing. These measures will provide small and medium-sized enterprises and startups with affordable access to capital. We will continue working with market participants.

I wish success to the primary market trading of the "BID 2.0" bond issued by "Business-Invest Development NBFI" LLC.”

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

“Distinguished guests and representatives from partner organizations, greetings! I would like to highlight two key points regarding the "BID 2.0" bond being introduced to the capital market.

First: "Business-Invest Development NBFI" LLC is the company with the highest credit rating in Mongolia and has been operating steadily.

Second: While the company has previously raised funds from professional investors in the off-exchange market, this time it is offering the bond to the public through the Mongolian Stock Exchange, making a valuable contribution to improving financial and investment literacy among the public.”

A.Altansukh, Chairman of the Board of "Business-Invest Development NBFI" LLC, said:

“Our team is honored to be launching the first new product on the Mongolian capital market in 2025 and ringing the bell to mark this historic event. I would like to express my gratitude to all those who are part of this achievement.

The funds we raise will not be used for consumer loans but will go to support businesses that generate income. In line with our social responsibility goals, our company plans to implement international standards for customer protection and the first level of BONDS within the first quarter of this year. We are delighted to support small and medium-sized businesses through our NBFI. We invite investors to collaborate with us confidently."

With that, Mr. Altansukh officially announced the opening of the trading by carrying out the bell-ringing, and recorded the moment in the commemorative register of the Mongolian Stock Exchange.

MONGOLIAN STOCK EXCHANGE