Rio Pact Primes Mongolia for $1 Billion Government Bond Sale
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Mongolia’s government plans to sell as much as $1 billion of international bonds, a potential economic boost for a country that has struggled to raise capital amid weak commodity prices and investor disputes.
Mongolia’s Ministry of Finance has been authorized to sell the bonds, the government said on its website Thursday. The Development Bank of Mongolia will choose a technical adviser and payment agent for the deal, according to the statement.