"MIK HFC" LLC, in collaboration with "Deutsche Bank AG" and "Korea Investment & Securities Asia Limited," has effectively finalized the transaction for the issuance of a $225,000,000 "Khulan" bond on the international capital market.
"MIK HFC" LLC has garnered a purchase order of $170,431,000 US, equivalent to 80.37% of Reg S Notes due 2024 issued by the Company. Concurrently, the Company, in partnership with "Deutsche Bank AG" and "Korea Investment & Securities Asia Limited", successfully issued $52,515,000 US in new notes on the international capital market. This collective effort resulted in trading a total of $225,000,000 in US bonds, marking a successful initiative to defer the outflow of funds from Mongolia's currency reserves in the immediate future. The Company expresses its gratitude to the capital market, legal consulting firms, the board of directors, and professional colleagues of MIK for their invaluable contributions and seamless cooperation, which played a pivotal role in the successful culmination of this undertaking. Remarkably, this marks the third occasion on which MIK has issued bonds within the international capital market, a testament to the Company's alignment with investor expectations and its unwavering trustworthiness in the eyes of the financial community.
"MIK HFC" LLC, in collaboration with "Deutsche Bank AG" and "Korea Investment & Securities Asia Limited," has effectively finalized the transaction for the issuance of a $225,000,000 "Khulan" bond on the international capital market.
"MIK HFC" LLC has garnered a purchase order of $170,431,000 US, equivalent to 80.37% of Reg S Notes due 2024 issued by the Company. Concurrently, the Company, in partnership with "Deutsche Bank AG" and "Korea Investment & Securities Asia Limited", successfully issued $52,515,000 US in new notes on the international capital market. This collective effort resulted in trading a total of $225,000,000 in US bonds, marking a successful initiative to defer the outflow of funds from Mongolia's currency reserves in the immediate future. The Company expresses its gratitude to the capital market, legal consulting firms, the board of directors, and professional colleagues of MIK for their invaluable contributions and seamless cooperation, which played a pivotal role in the successful culmination of this undertaking. Remarkably, this marks the third occasion on which MIK has issued bonds within the international capital market, a testament to the Company's alignment with investor expectations and its unwavering trustworthiness in the eyes of the financial community.
