On February 8, 2021, the “Mongolian Mortgage Corporation HFC” LLC successfully issued a three-year $ 250 million, 8.85 percent “Burte” bond on the international capital market to raise long-term funding for mortgage loans.
MIK HFC refinanced the 2019 “Oelun” bond by reducing the interest rate and extending the duration without a government guarantee during the COVID-19 pandemic through virtual roadshows.
In addition, the Mongolian Mortgage Corporation has spent a total of 260 billion MNT from its’ reserves to defer the repayment of AFHP loans for a year as part of its policy to overcome the pandemic.
For raising $ 250 million from the international market during the difficult period of the pandemic and quarantine in Mongolia, “Mongolian Mortgage Corporation HFC” LLC won the “Forbes Mongolia Finance Awards 2021” and received the “Biggest Fund Raise” award.
On February 8, 2021, the “Mongolian Mortgage Corporation HFC” LLC successfully issued a three-year $ 250 million, 8.85 percent “Burte” bond on the international capital market to raise long-term funding for mortgage loans.
MIK HFC refinanced the 2019 “Oelun” bond by reducing the interest rate and extending the duration without a government guarantee during the COVID-19 pandemic through virtual roadshows.
In addition, the Mongolian Mortgage Corporation has spent a total of 260 billion MNT from its’ reserves to defer the repayment of AFHP loans for a year as part of its policy to overcome the pandemic.
For raising $ 250 million from the international market during the difficult period of the pandemic and quarantine in Mongolia, “Mongolian Mortgage Corporation HFC” LLC won the “Forbes Mongolia Finance Awards 2021” and received the “Biggest Fund Raise” award.
