Investor’s Guide to Mongolian Bonds
Nov 3, 2025
Enkhjin A., Namkhaidorj B., Florian Schmidt

In this edition of the Investor’s Guide to Mongolia, we spotlight the growing opportunities in Mongolia’s international bond market — spanning sovereign, quasi-sovereign, and corporate issuers.
Mongolia’s external debt market remains resilient, with USD 5.06 billion in outstanding senior unsecured bonds. This strength is reinforced by recent credit rating upgrades from S&P and Moody’s, reflecting robust economic growth, disciplined fiscal policy, and prudent debt management. 📈
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