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.
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