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Government Issues USD 500 Million Bonds, Saves MNT 51.7 Billion in Interest Costs www.montsame.mn
Government successfully issued “Century-5” bonds in the international financial market on March 3.
The USD 500 million bond was issued for a six-year term with an interest rate of 5.95 percent. As part of a debt management operation, the Government will use the proceeds to buy back USD 321.6 million of its previous bonds — the “Nomad” bond with a 5.125 percent interest rate due in 2026, and the “Century-2” bond with an 8.65 percent interest rate due in 2028.
By doing this, the Government reduced its high-interest debt that was due in 2028. It will save about USD 14.5 million, or MNT 51.7 billion, in interest payments. This will lower pressure on the state budget, help keep the exchange rate stable, and support overall financial and economic stability.
The bond was issued at a time when international financial markets were unstable due to recent military actions by the United States and Israel against Iran.
The successful issuance shows that investors trust Mongolia’s economic outlook and debt management policy.
According to the Ministry of Finance, Mongolia was the only country issuing bonds in the international market during this period. Investor demand was very strong. Orders reached USD 1.6 billion, which is 3.2 times more than the amount offered, showing high interest in Mongolia’s bonds.
Published Date:2026-03-05
