The Financial Regulatory Commission discussed 21 issues at its 20th session. During this session 50,000 insured bonds with face value of MNT 10,000 by Erchim Engineering LLC were registered. These are bonds with interest and principle payments insured by a third party. Insured bonds are usually found as a feature of municipal bonds; they are purchased, underwritten and repackaged by a financial guarantee company who then sells the issue to investors. The funds raised with issuing the insured bonds will be used for financing the current assets to fund bid s and project implementation.

Source: Financial Regulatory Commission