For the first time in Mongolia, Trade and Development Bank (TDB) has issued green and social bonds targeted at international professional investors. These five-year long-term bonds are the first private sector issuance since TDB’s bond issuance in 2015. Through this issuance, TDB becomes the first private Mongolian company to secure investment from one of the world's top ten asset management companies. Additionally, this marks Mongolia’s first green and social bonds registered on Bloomberg Terminal.
TDB has a longstanding history of responsibly fulfilling its commitments under various international agreements, thus enhancing the reputation and credibility of both the bank and Mongolia in the global market.
TDB has aligned itself with the 17 Sustainable Development Goals (SDGs) set by the United Nations and developed Mongolia’s first private sector sustainable financing initiative, the “Climate 30+ Initiative: Green Recovery” program. As part of this initiative, TDB is working towards becoming a green bank with a long-term strategy. By 2030, the bank aims to allocate USD 2 billion to support sustainable development.
The funds raised through this bond issuance will support projects aligned with the bank's strategic goals, including renewable energy, air pollution reduction, sustainable agriculture, green buildings, as well as health, food security, and educational accessibility initiatives.
As Mongolia’s leading representative bank on the international stage, TDB is committed to continuing its efforts to attract foreign investment and contribute to the country’s sustainable development.
TOGETHER TOWARDS SUSTAINABILITY