Order of the Government retail bonds which is to trade on primary market is being received by member brokerage companies of Mongolian Stock Exchange. The trade is to be held on May 19.
BRIEF INFORMATION OF THE GOVERNMENT BONDS
Owner of the bond: The Ministry of Finance
Purpose of the bond: To compensate budget deficit
Offering range of the bond: Public Offering
Type of the bond: Government retail bonds
Par Value: MNT 100,000
Discounted Value: MNT 96,685.00
Total quantity of the bonds: 802,935
Specification of the short-term bond
|
Quantity /pieces/ |
Total Value /MNT billion/ |
Period /7 days/ |
Form of interest payment for interest * |
Interest rate (percent) |
Start day of the order |
Closing day of the trade |
|
802,935 |
80.3 |
12 |
Discounted |
14.90 |
2015.05.13 |
2015.05.1 |
*-Coupon of the Government bond will be estimated based on 365 days.
Interest rate: The Ministry of the Finance will determine the interest rate based on the quoted market rates.
Period for order: Mongolian Stock Exchange will receive order for 6 days and order will be closed at 11AM of the sixth day.
Acceptance time of the order: Wednesday - 2PM-4PM, Thursday to Next Monday - 10AM-4PM, Tuesday - 10AM-11AM.
Trade Process: After receiving total orders at trade system of Mongolian Stock Exchange, orders will be sent to the Ministry of Finance by online. Bonds will be distributed after the approval of the Ministry of Finance.
The number of the Government retail bond which will be traded each week will depend on the remaining amount of traded bonds of previous week.
Interestingly, 14-16 percent interest of the Government retail bond is higher than savings interest of commercial banks. On other hand, tax payers will pay interest of MNT 80 billion raised by the Government. However, demand for the Government retail bond is still remaining high.
Order of the Government retail bonds which is to trade on primary market is being received by member brokerage companies of Mongolian Stock Exchange. The trade is to be held on May 19.
BRIEF INFORMATION OF THE GOVERNMENT BONDS
Owner of the bond: The Ministry of Finance
Purpose of the bond: To compensate budget deficit
Offering range of the bond: Public Offering
Type of the bond: Government retail bonds
Par Value: MNT 100,000
Discounted Value: MNT 96,685.00
Total quantity of the bonds: 802,935
Specification of the short-term bond
|
Quantity /pieces/ |
Total Value /MNT billion/ |
Period /7 days/ |
Form of interest payment for interest * |
Interest rate (percent) |
Start day of the order |
Closing day of the trade |
|
802,935 |
80.3 |
12 |
Discounted |
14.90 |
2015.05.13 |
2015.05.1 |
*-Coupon of the Government bond will be estimated based on 365 days.
Interest rate: The Ministry of the Finance will determine the interest rate based on the quoted market rates.
Period for order: Mongolian Stock Exchange will receive order for 6 days and order will be closed at 11AM of the sixth day.
Acceptance time of the order: Wednesday - 2PM-4PM, Thursday to Next Monday - 10AM-4PM, Tuesday - 10AM-11AM.
Trade Process: After receiving total orders at trade system of Mongolian Stock Exchange, orders will be sent to the Ministry of Finance by online. Bonds will be distributed after the approval of the Ministry of Finance.
The number of the Government retail bond which will be traded each week will depend on the remaining amount of traded bonds of previous week.
Interestingly, 14-16 percent interest of the Government retail bond is higher than savings interest of commercial banks. On other hand, tax payers will pay interest of MNT 80 billion raised by the Government. However, demand for the Government retail bond is still remaining high.