Trade and Development Bank’s USD 500 million bond was honored as the “Best High Yield Bond of 2015” by FinanceAsia magazine. The Achievement Awards by FinanceAsia are a prestigious event, drawing global attention from the banking and finance sectors. Receiving the “Best High Yield” award marked a significant milestone for TDB, further enhancing Mongolia’s reputation on the international stage.

This new bond issuance highlights Mongolia’s regained credibility with foreign investors and positions the country on the threshold of a new era of economic growth. The issuance successfully achieved TDB’s goal of broad institutional placement, with 90% allocated to asset managers and hedge funds, 5% to private banking accounts, and 5% to financial institutions.

TDB is the first Mongolian commercial bank to issue bonds and remains the only repeat bond issuer from Mongolia. This marks the fifth time TDB has issued debt notes in the international capital markets, following three successful senior unsecured USD deals in 2007, 2010, and 2012, as well as the country's first-ever offshore CNY issue in 2014.

On behalf of the globally recognized TDB, we extend our heartfelt congratulations and gratitude to all our employees, valued customers, and partner organizations for their unwavering dedication and commitment.

Together Towards Prosperity