M Bank Closed JSC has successfully issued USD 100 million senior unsecured bonds, listed on the Singapore Exchange (SGX), reinforcing Mongolian banks’ growing access to international capital markets.

Key terms include a 9.875% fixed coupon, 97.190% issue price, and 19 December 2028 maturity, implying an attractive yield for international investors. Interest is paid semi-annually, and the bonds rank pari passu with the bank’s other unsecured obligations.

The transaction supports loan portfolio expansion and further diversifies M Bank’s funding base, while adhering to internationally recognized market standards. The bonds are expected to be rated B3 by Moody’s.

The Bank of New York Mellon acted as trustee, principal paying agent, transfer agent, and registrar, while Kroll Issuer Services Ltd served as the settlement agent.

Proceeds from the issuance will be used to support loan portfolio expansion and further diversify the bank’s funding base. The transaction underscores the growing ability of Mongolian commercial banks to access international capital markets on competitive terms.

A notable step forward for Mongolia’s capital markets and cross-border investor engagement.