Source: Reuters                        Date: 24 February, 2011

Prime Minister S. Batbold said in Singapore last week the country may issue a sovereign bond as early as the second half of this year. "We are still working on it. The latest is next year, but it might be in the second half of this year. We might come with a bond issue," he said.

Last November, an official of the Mongolian central bank in London said the nation may raise as much as USD700 million from a debut international bond issue. The bond could be launched in early 2011, Ms. Enke Enkhjargal, chief representative of the London office of Mongolia's Central Bank, said at that time.