Wednesday, May 13, 2015

[BREAKING: TDB issues $500m 5-year notes at 9.375% yesterday, 4.6x oversubscribed, up 3.5pts today]

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Wednesday, May 13, 2015

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TDBM Sells $500m 5y Notes at 9.375%

By Allan Lopez

May 12 (Bloomberg) -- The above issue priced today after IPT of 9.75% area and guidance of 9.375%-9.5%.

* Managers: BofAML, DB, ING

* Settlement: May 19



TDBM’s New 5Y Bond Rises 3.5pts; Priced at 9.375% Yesterday

By Neha D’silva

May 13 (Bloomberg) -- Trade & Development Bank of Mongolia’s $500m 9.375% 2020 rose to 103.5pts as of 10:37am in Hong Kong, according to a person familiar with the offering.

* Priced at 100 yday

* TDBM gets >$2.3b orders for $500m bond, U.S. investors buy 50%

Related stories:

* TDBM issuance to help Mongolia’s forex reserves, says Nomura

* IN DEPTH: TDBM brings back Mongolian USD bonds after 2.5 years




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