The opening bell ceremony for the primary market trading of the “Bers-4” Asset-Backed Securities (ABS), publicly offered by Bers ABS Pro SPV LLC, was held today (October 6, 2025) at the Mongolian Stock Exchange (MSE) Hall.

The ceremony was attended by Mr. Tserenbadral T., Deputy Chairman of the Financial Regulatory Commission; Mr. Dulguun B., Interim Chief Executive Officer of the Mongolian Stock Exchange; Mrs. Ulziibayar B., CEO of Ulzii & Co Capital Securities LLC; Mr. Yumsuren G., CEO of Bers Finance NBFI LLC; and Mrs. Adiyakhuu Ya., Director of the Asset Management Department at Bers Finance NBFI LLC.

In his opening remarks, Mr. Dulguun B., Interim CEO of the MSE, stated:

“The first publicly listed Asset-Backed Security (ABS) on Mongolia’s capital market was the MNT 4.0 billion issuance by Invescore Active SPV LLC in January 2021. Since then, the MSE has successfully organized primary market trading for ABS products totaling MNT 209 billion.

Today’s launch of the ‘Bers-4’ ABS marks another important step in the development of the domestic capital market. Asset-backed securities play a dual role — they provide liquidity and refinancing opportunities for financial institutions while also offering investors a stable, low-risk investment product with predictable returns.

ABS products are among the most secure and well-structured instruments in the market. Their open trading on the MSE creates opportunities to attract more investors and deepen market participation. I extend my best wishes to all the teams — the underwriter, legal advisors, financial analysts, and trustees — who contributed to bringing this product to market. I hereby declare the trading officially open.”

Following that, Mr. Tserenbadral T., Deputy Chairman of the Financial Regulatory Commission, remarked:

“In recent years, the Financial Regulatory Commission has placed particular emphasis on developing fixed-income products such as corporate bonds and asset-backed securities. Together with the MSE and the Chamber of Commerce, we launched an initiative encouraging Mongolia’s TOP-100 enterprises to issue bonds and raise financing through the capital market.

This program simplified the bond issuance process — enabling large enterprises to issue bonds without an underwriter, in a shorter timeframe, and at lower cost. In addition, the MSE has reduced trading fees to support issuers.

As a result, we are now witnessing the launch of a new product, ‘Bers-4’, which represents the 20th ABS issuance on the market. Bers Finance NBFI is already a well-known and reliable issuer, having previously offered three successful ABS products.”

Mrs. Ulziibayar B., CEO of Ulzii & Co Capital Securities LLC, the underwriter of the issuance, added:

“Since the beginning of this year, six new public products have been listed on the MSE, three of which were underwritten and offered by Ulzii & Co Capital Securities LLC.

I would like to express my sincere gratitude to the Financial Regulatory Commission for its support, and to the MSE for lowering registration and trading fees, which has significantly facilitated the issuance of this new MNT 29 billion product. I also extend thanks to all partner organizations and investors for their continued trust.”

The ceremony concluded with Mr. Yumsuren G., CEO of Bers Finance NBFI LLC, ringing the opening bell to mark the 7,560th securities trading session of the Mongolian Stock Exchange.

Additionally, Mrs. Adiyakhuu Ya., Director of the Asset Management Department at Bers Finance NBFI LLC, presented commemorative gifts featuring the MSE’s ceremonial bell to partner organizations in recognition of their cooperation.

MONGOLIAN STOCK EXCHANGE