Today (November 30), Mongolia announced debt regulation measures to refinance its USD 600 million Khuraldai bond.

Ulaanbaatar extended an offer to investors for a cash buyback of the 8.75 percent interest rate, with the Khuraldai bond set to mature in 2024.

AM Besthas assigned the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) to Mongolian National Reinsurance JSC. The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Mongolian Re’s balance

On November 28, Mongolia priced a debt management exercise, funding a tender and the redemption of the USD 392.6 million bonds maturity in March 2024. The objectives of the transaction were to address near-term maturities,  extend the duration of the nation’s debt stock;  reduce cost;  further

The economic relations between the United States and Mongolia have strengthened in 2023, the U.S. Ambassador Richard Buangan said.

The U.S. worked to fully implement the bilateral Transparency Agreement and supported the government of Mongolia in meeting commitments to improve the

The World Bank has revised its growth forecast for Mongolia in 2023 to 5.8 percent from 5.2 percent, due to strong rebounds in mining sector, private consumption and fiscal expansion, local media reported Wednesday.

“In the first half of 2023, Mongolia’s

Mongolian metallurgical coal shipments to China through the Gantsmod land port declined in the week to  12 November amid winter weighing on coal deliveries, but overall year-to-date shipments remained sharply higher on the year.

Daily coal haulage via the Gantsmod port

Fitch Ratings has assigned Mongolia’s (B/Stable) proposed US dollar bonds a ‘B’ rating. The transaction is related to a voluntary tender offer for outstanding bonds maturing in 2024.

The rating is in line with Mongolia’s ‘B’ Long-Term Foreign-Currency Issuer Default Rating

Mongolia’s foreign trade turnover expanded by 16.9 percent year on year to USD 20.1 billion in the first 10 months of this year, according to data released by the country’s National Statistics Office

The country registered a surplus of USD 4.9