Capital Market Spotlight: Local-Currency Bond Fuels Dairy Growth

In June 2025, Record Financial Group, through its Emerging Market Sustainable Finance strategy, invested USD 15.7 million in a Mongolian tugrik-denominated bond issued by the Asian Development Bank (ADB).

The financing will strengthen Mongolia’s dairy sector through:
🏭 Construction of a new processing facility
📦 Expansion of packaging and processing capacity
🚚 Establishment of raw milk collection centers
💰 Provision of working capital for APU Dairy LLC

💡 How Will This Investment Shape Mongolia’s Economy?
📊 FX Risk Mitigation – Local-currency issuance reduces exchange-rate exposure, boosting financial resilience.
🌱 Economic Diversification – With mining accounting for 94% of exports in 2024, this investment supports value-added growth in agriculture, a sector contributing ~7.3% of GDP and employing nearly 23% of the workforce.
🤝 Socio-Economic Impact – Supports 1,000 herder households, creates 320 gender-inclusive jobs, and ensures at least 30% of payments through new collection centers go to women.

This initiative also aligns with key UN SDGs — reducing poverty & inequality (SDG 1 & 10), promoting gender equality (SDG 5), enhancing climate resilience (SDG 13), and strengthening rural development & food security (SDGs 2, 8, 9).