Mongolia’s new USD 350 mln bond issue, due 2029 at 7.875% interest, achieved its goals by reducing annual interest costs by over USD 3 mln and securing funding for international bond obligations until April 2026. The bonds saw robust investor demand, with the order book peaking at USD 4.2 bln and 293 investors participating. The 12-fold oversubscription allowed pricing flat to Mongolia’s secondary market yields without any new issue premium.