Bull Capital NBFI LLC, through Bull Capital IBS SPC LLC, is issuing MNT 18.0 billion in asset-backed securities backed by automobile fiduciary loan assets with an annual interest rate of 19.5%.
MIK HFC LLC is acting as the asset trustee for these securities.
The primary market trading of the asset-backed securities opened on January 12, 2026.
Terms of the Asset-Backed Securities
- Total issuance amount: MNT 18.0 billion
- Interest rate: 19.5% per annum
- Tenor: 24 months
- Interest payment: Quarterly
- Face value per unit: MNT 100,000
- Principal repayment schedule:
- 50% of principal in the 21st month
- 50% of principal at maturity (24th month)
- Withholding tax on interest income: 5.0%
Participating Parties
- Bull Capital NBFI LLC
- Chinggis Khaan Stock Exchange LLC
- Mandal Capital Markets Securities LLC
- K.E. Partners Law Firm LLC
- Nexia Global Mongolia Audit LLC
- Mongolia Mortgage Corporation HFC LLC
The Primary Market Trading of Asset-Backed Securities Issued by Bull Capital IBS SPC LLC Has Opened
Bull Capital NBFI LLC, through Bull Capital IBS SPC LLC, is issuing MNT 18.0 billion in asset-backed securities backed by automobile fiduciary loan assets with an annual interest rate of 19.5%.
MIK HFC LLC is acting as the asset trustee for these securities.
The primary market trading of the asset-backed securities opened on January 12, 2026.
Terms of the Asset-Backed Securities
- Total issuance amount: MNT 18.0 billion
- Interest rate: 19.5% per annum
- Tenor: 24 months
- Interest payment: Quarterly
- Face value per unit: MNT 100,000
- Principal repayment schedule:
- 50% of principal in the 21st month
- 50% of principal at maturity (24th month)
- Withholding tax on interest income: 5.0%
Participating Parties
- Bull Capital NBFI LLC
- Chinggis Khaan Stock Exchange LLC
- Mandal Capital Markets Securities LLC
- K.E. Partners Law Firm LLC
- Nexia Global Mongolia Audit LLC
- Mongolia Mortgage Corporation HFC LLC
