Mongolia’s most profitable bank is considering accessing the capital markets later this year, according to its chief executive, Peter Morrow.
Khan Bank is weighing up the possibility of issuing debt via an MTN programme denominated in dollars or tughrik, the local currency, and undertaking a public equity offering that would include a local and international listing, says Peter Morrow. "We have deep-pocketed shareholders so we don’t need to do anything in the short term, though in the long term we will need to raise debt and equity."
Any share offering would include a listing in Ulan Bator and one in London, with the...
You do not currently have access to this content. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
Level 1:
- Online access to the past 12 months content
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Level 2:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe