Price of Gerege Bond closes at 100.14 USD

The UB Post - - BUSINESS & ECONOMICS -

On Novem­ber 6, the price of the Gerege Bond had reached 100.76 USD but closed the week with a price of 100.14 USD.

Ac­cord­ing to Bloomberg, trad­ing on the sec­ondary mar­ket has been ac­tive with Ital­ian based Fideu­ram in­vest­ment firm buy­ing 1,700 units and Lux­em­bourg based In­ter­fund Ad­vi­sory buy­ing 1,500 units in the Gerege bond.

The fi­nal credit rat­ing for the bond was set at B- by Fitch Rat­ings Agency. As a re­sult, across the board on the three main credit rat­ing agencies, the 800 mil­lion USD Gerege Bond be­comes the high­est rated bond is­sued by Mon­go­lia.

The col­lec­tive rat­ing of the pre­vi­ous bonds is­sued by Mon­go­lia were CCC+ while the Gerege Bond has an over­all rat­ing of B-.

Newspapers in English

Newspapers from Mongolia

© PressReader. All rights reserved.