Linklaters advises on Bogd Bank’s tap issuance of 2029 senior notes

Linklaters has acted as international counsel to the placement agent on Bogd Bank’s successful US$25m tap issuance of 2029 senior notes, bringing the aggregate principal amount of the notes to US$100m.

Bogd Bank is the first publicly listed bank on the Mongolian Stock Exchange. The bank specialises in small and medium-sized enterprise (SME) and retail banking, with a growing role in digital banking innovation and supporting Mongolia’s green transition. The proceeds of the issuance are expected to support the bank’s continued funding diversification and business growth.

The transaction was placed with international institutional investors, including asset managers across Europe and Asia, and demonstrates continued investor interest in Bogd Bank and Mongolian financial institution credit generally. The additional issuance also reflects Bogd Bank’s ability to access the international debt capital markets shortly after its debut issuance.

The Linklaters team was led by partner and Head of South and Southeast Asia Capital Markets Amit Singh and capital markets partner Xunming Lim, with support from managing associate Calvin Cheng

Linklaters’ partner Amit Singh commented:

“We are pleased to have supported this successful tap issuance, which reflects Linklaters’ ability to advise on cross-border debt capital markets transactions by Mongolian issuers, whether in a public deal setting or a private placement format. The transaction draws on our international execution capability and experience advising on complex financings across global markets, and showcases Mongolia as a jurisdiction of great potential.”