Source: Mongolian Stock Exchange                         Date: 08 September, 2011

The Minisitry of Finance issued MNT 300 billion worth Mongolian bonds to supports its wool and cashmere sector. The bond trade opened last month and will run until the end of October.  Thus far, the Mongolian government has traded MNT 100 billion worth of government bonds by the Mongolian Stock Exchange (MSE).

Interest will be paid on May 15, 2012 and November 15, 2012 when the bonds reach maturity. Interest rates ranges between eight percent and 12 percent. The number of outstanding bonds begin at 12,500 and end at 100,000. All bonds open at a value of MNT 100,000.