Development Bank of Mongolia Under Review for March 2017 Debt

Posted by Nick Buenaventura on Feb 15, 2017 1:58:24 PM

Development Bank of Mongolia may have its 5.75% 3/21/2017 bond rating cut over concerns it may not be able to make its $580 million repayment by maturity. The mining and infrastructure financer currently does not have the liquidity to finance the repayment itself and is looking for outside help. Mongolian government has reportedly contacted China and the International Monetary Fund for assitance in the matter, but investors have their doubts that a bailout will be resolved within a month's time.

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Topics: bonds, emerging markets, Development Bank

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