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Mongolia to Sell Up to $1 Billion in Samurai Bonds, Premier Says

Mongolia plans to sell as much as $1 billion worth of Samurai bonds this year and offer foreign investors a new way into its largest coal project as Prime Minister Norovyn Altankhuyag seeks to revive growth.

“This year we’re hoping to launch a yen-denominated bond issue, which will be equivalent to as much as $1 billion,” the prime minister said in an interview in Tokyo, citing expanding relations with Japan for the fundraising plan.