Bogd Bank taps debt market for $25M, lifting note total to $100M
What's the deal? Bogd BankDealroom has a profile for this one. Try Dealroom →, the first publicly listed bank on the Mongolian Stock Exchange, has raised $25 million through a tap issuance of its 2029 senior notes. The deal lifts the aggregate principal amount of the notes to $100 million. LinklatersDealroom has a profile for this one. Try Dealroom → advised the placement agent as international counsel.
What's the endgame? Bogd Bank specialises in small and medium-sized enterprise (SME) and retail banking, with a growing role in digital banking and Mongolia's green transition. The proceeds are expected to support funding diversification and future business growth.
Why now? The tap builds on the bank's debut note issuance, showing continued access to international debt capital markets. The notes were placed with international institutional investors, including asset managers across Europe and Asia.
The signal: The deal points to sustained investor appetite for Mongolian issuers. As Linklaters partner Amit Singh put it, the transaction "showcases Mongolia as a jurisdiction of great potential."
Read more: Legal Era
Image credit: Francisco Anzola
