‘And Systems’, the parent company of ‘LendMN” JSC, issued private placement bonds for MNT 7 billion. The bond was purchased by South Korean ‘Rhinos Asset Management’ company.

This bond with a 3-year maturity and 6 percent coupon rate is the first stock pledged bond in the Mongolian market. Therefore, a new product has been launched in the domestic capital market.

Source: BloombergTv.mn