Mayer Brown JSM today announced that
it has advised Trade and Development Bank of Mongolia LLC (TDB) on its recent
issuance of US$300 million senior notes due 2015.

The issuance constitutes the most
recent public takedown from TDB”s US$700 million Euro Medium Term Note (EMTN)
Programme updated earlier this year, on which Mayer Brown JSM also advised. The
notes were rated B1 by Moody’s.

ING Bank N.V., Singapore Branch and
Merrill Lynch International acted as joint lead managers and TDB Capital acted
as the co-manager.

TDB is the oldest and largest
commercial bank in Mongolia. It offers a full range of banking and financial
services and also acts as a primary lender to most of Mongolia’s leading
corporations as well as to many foreign corporations. 

“Mayer Brown JSM has built a
long-standing relationship with TDB and we are delighted to have advised them
on yet another international capital markets issuance,” said Jason T.
Elder, a partner of Mayer Brown LLP based in Hong Kong. 

“We see great potential in
Mongolia”s banking sector, and we look forward to continue assisting TDB as
they explore future business opportunities.”

The Mayer Brown JSM team was led by
Corporate partner Jason T. Elder in Hong Kong.

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