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Mongolia completely repays debt of Chinggis Bond www.montsame.mn
Ulaanbaatar /MONTSAME/ On January 5, Mongolia paid off debt of Chinggis Bond as Prime Minister U.Khurelsukh confirmed debt repayment transaction of the Chinggis Bond at the Ministry of Finance.
In 2012 Government of Mongolia released Chinngis Bond, raising USD 1.5 billion. Out of the USD 1.5 billion loan remaining balance of the USD 127 million and its interest of USD 2 million were repaid today.
At the event of transferring the debt repayment, Minister of Finance Ch.Khurelbaatar said "Mongolia will repay debt amounted to MNT 3.5 trillion in 2018. Today, the debt of Chinggis Bond was completely repaid." The Minister also noted that the Ministry of Finance opened a notebook, writing a list of debts on it to remember every single day that Mongolia has debts to repay. He then handed over the notebook to the Prime Minister.
E.Altanzul
Published Date:2018-01-05
