Bogd Bank JSC Successfully Raises USD Bond Financing in International Capital Markets

Bogd Bank JSC has successfully participated in the international capital markets, offering and trading a 75 million USD bond with a 3-year maturity and a fixed annual coupon rate of 9.50%. The bond was listed on the Vienna Stock Exchange in Austria and attracted strong interest from international institutional investors, with the financing fully subscribed.

This transaction represents a significant milestone for Bogd Bank in demonstrating its ability to independently raise financing in international capital markets, and reflects international investors' high regard for the bank's long-term development strategy, financial stability, governance, and business growth capacity.

Through this bond financing, the bank achieves the following strategically significant outcomes:

• Expanding the international investor base;
• Diversifying the structure of external funding sources and strengthening the foundation for long-term stable financing;
• Increasing the bank's liquidity and foreign currency resources;
• Creating conditions to reduce the average cost of financing;
• Enhancing pricing transparency, secondary market trading activity, and visibility in international markets;
• Raising the reputation and participation of Mongolian private financial institutions in international markets.

The funds raised are planned to be deployed in phases to expand the bank's core operations, including increasing financing directed at small and medium-sized enterprises, exports, trade, manufacturing, and the growing needs of the private sector.

Bogd Bank JSC continues to steadily implement its strategy focused on customer-centric services, digital transformation, and sustainable growth, and this international bond transaction serves as an important foundation for further strengthening the bank's growth, international partnerships, and investor confidence.

J.P. Morgan, a leading global investment bank, acted as the overall organizer and underwriter of the bond transaction, while Frontier Strategies served as the strategic partner and structuring advisor, providing support to successfully execute the transaction in accordance with international standards and requirements.

Bogd Bank JSC will continue its operations with the goal of expanding international market cooperation and contributing to the development of Mongolia's financial sector and sustainable economic growth.