Moody's Ratings has assigned a rating of "B1" with a Stable outlook to the new bond planned for issuance by the Development Bank of Mongolia. The Bank intends to partially refinance its existing bond — which carries an interest rate of 8.5% and matures in 2028 — and to conduct debt management in connection therewith.
The new bond is set to be offered on June 25, with the tender offer period for the repurchase of the existing bond closing on July 2.
