At a regular meeting, the Government of Mongolia made a decision to issue USD 1 billion in bonds to the world market. According to this decision, the Government issued CNY bonds equivalent to USD 300 million.  Last week, the Government exchanged CNY 1 billion bonds (equivalent to USD 161 million) at an annual 7.54% rate. No less than 44 organizations have requested Mongolian bonds for a total of CNY 1.5 billion. Of them, 93% are Asian; the remainder being European. Many companies have worked on this exchange deal including: “Citic CLSA Securities”, “China Citic Bank International”, “HSBC”, “TDB Capital” and “Ulaanbaatar Capital Bank”.