Today /2023-12-11/ the ringing of the bell ceremony was organized in the trading hall of the “Mongolian Stock Exchange” JSC and started the primary market trading for the "Green Bond," offered publicly by the "Khan Bank" JSC.
At the ceremony, Kh. Altai, Chief Executive Officer of MSE, T. Khash-Erdene, Chief Business Development Officer of MSE, D. Bayarsaikhan, Chairman of the Financial Regulatory Commission, B. Dulguun, Head of the Securities Department of the Financial Regulatory Commission”, R. Munkhtuya, Chief Executive Officer of “Khan Bank” JSC, B. Lkhagvadorj Chief Executive Officer of “BDSec UTsK” JSC, and other officials participated and rang the bell to open the trading session.
CEO, Kh. Altai, opened the ceremony and said “Thankful for all of you who came to the ringing bell ceremony to open the primary market trading of "Green Bond" offered publicly within the framework of the Green Bond Program!”.
Khan Bank, the leading financial institution that accounts for 32% of the total assets in the banking industry, is delighted to announce its commitment to actively expand its green financing portfolio. This strategic move aims to support and finance various environmentally friendly initiatives.
Last March, Khan Bank started financing green projects by issuing green bonds for the first time on the international market, which is a significant contribution to the implementation of the long-term global policy of the United Nations "Sustainable Development Goals-2030".
Today, the first domestic green bond to be publicly traded is being issued on the Mongolian Stock Exchange. Orders for 170,000 bonds with a nominal value of 100,000 MNT each and an annual interest rate of 16.0% will be accepted through the trading system of the Mongolian Stock Exchange starting today.
Today, Khan Bank issued its first publicly traded domestic green bond and was listed on the Mongolian Stock Exchange.
At a time when the demand for green investment is considered important, we congratulate the team of Khan Bank for offering "Green Bonds" to the domestic capital market to attract long-term resources to support environmentally friendly activities and wish them success in their trading activities.
D. Bayarsaikhan, the Chairman of the Financial Regulation Commission, said:
On June 13, 2023, Khan Bank received a special license from the Financial Regulatory Commission to issue the first "Green Bond" in the domestic market. The roadmap for "Green Financing" was approved in 2022 within the framework of the “Sustainable Development Goals – 2030”.
R. Munkhtuya, Chief Executive Officer of “Khan Bank” JSC, said,
Thank you all for attending the ceremony. Within the framework of sustainable development goals, Mongolia aims to reduce greenhouse gas emissions by 22.7 percent by 2030. Showing the leadership of the private sector, Khan Bank is announcing its Green Bond program for the first time. In March of this year, we issued MU's first green bond on the OU market, and today we are issuing 30 million dollars worth of two-phase mixed currency bonds on the Mongolian Stock Exchange. Today, the rights phase, or 17 billion MNT will be collected. In the next round, $25 million in bonds will be issued to strategic investors. To show the leadership of the private sector, Khan Bank is announcing its Green Bond program for the first time.
In the end, she rang the bell to open the primary market trading and left a note in the memorial book of the Mongolian Stock Exchange.
Please click here for the prospectus of the security.
MONGOLIAN STOCK EXCHANGE