MIK Asset Eighteen SPC LLC issued RMBS in the amount of MNT over 92 billion on December 27, 2018.
MIK Asset Seventeen SPC LLC issued RMBS in the amount of MNT over 100 billion on November 15, 2018.
On October 5, 2018
Mongolian Mortgage Corporation HFC LLC signed a Memorandum of Understanding with Cagamas Berhad National Mortgage Corporation of Malaysia. The agreement is aimed at supporting the housing market and housing finance. The two companies will enhance their corporation, preform joint studies on housing finance, as well as sharing experiences and know how.
MIK Asset Sixteen SPC LLC issued RMBS in the amount of MNT over 100 billion on August 09, 2018.
On July 2, 2018
Mongolian Mortgage Corporation HFC LLC signed a Memorandum of Understanding with Korea Housing Finance Corporation. The agreement is aimed at supporting the housing market and housing finance. The two companies will enhance their corporation, specifically finding solutions to problems in the market, as well as sharing experiences and know how.
Mongolian Mortgage Corporation HFC LLC successfully organized the 5th Asian Fixed Income Summit in cooperation with Ministry of Construction and Urban Development, the Ministry of Finance as well as the Financial Regulatory Commission.
MIK Asset Fifteen SPC LLC issued RMBS in the amount of MNT over 129 billion on June 15, 2018.
The plenary Shareholders’ meeting of MIK Holding JSC convened on April 30, 2018.
On March 29, 2018 MIK Holding JSC and MIK HFC LLC has been rated on par with Mongolia’s sovereign rating by Fitch international rating agency ratings “B-, stable”.
On March 16, 2018 MIK Holding JSC and MIK HFC LLC has been rated on par with Mongolia’s sovereign rating by Moody’s international rating agency ratings “B3, stable”.
MIK Asset Fourteen SPC LLC issued RMBS in the amount of MNT over 139 billion on January 31, 2018.
Organized “Smog-free Ulaanbaatar” forum on January 11, 2018.
On January 11, 2018 with an aim to identify real solutions to air pollution in Ulaanbaatar, Bloomberg TV Mongolia, Ministry of Construction and Urban Development and Mongolian Mortgage Corporation co-hosted “Smog free Ulaanbaatar” forum.
MIK has been organized and sponsored "Bloomberg Finance Forum 2017" with FRC and National News Corporation on November 27. 2017.
On August 2nd 2017, MIK HFC LLC made changes to its Company structure, by decree of the Board
From 22 May, 2017, Mr. Gantulga Badamkhatan was appointed as Chief Executive Officer of MIK Holding JSC and MIK HFC LLC, by MIK Holding JSC Board decree.
MIK HFC LLC was certified for the first time ISO/ IEC 27001: 2013 "Information Security Certificate" issued by the International Organization for Standardization in Mongolia.
Issued RMBS of 2017
"MIK Asset Ten SPC" LLC, "MIK Asset Eleven SPC" LLC issued RMBS of 160 billion MNT on February 1. "MIK Asset Twelve SPC" LLC - 262 billion MNT on May 17. "MIK Asset Thirteen SPC" LLC -179,2 billion MNT on October 27.
In 2016 International Finance awards named "MIK HFC" LLC as a "Best Issuer Of RMBS Mongolia".
Issued RMBS of 2016
"MIK Asset Eight SPC" LLC- 186.3 billion MNT on February 5.
"MIK Asset Nine SPC" LLC- 106,1 billion MNT on April 22.
The European Business Assembly named MIK HFC LLC “Best Enterprise” and CEO D.Gantugs “Manager of the Year”.
Mongolian Mortgage Corporation expanded and became a group company named MIK Holding JSC.
MIK Holding JSC listed on the MSE and raised 37.2 billion MNT by launching an IPO on December 23, 2015.
Issued RMBS of 2015
Issued RMBS: MIK Asset Four SPC” LLC - 452.25 billion MNT on January 30. MIK Asset Five SPC LLC -294.3 billion MNT on June 10. MIK Asset Five SPC LLC - 452.25 billion MNT on June 10. MIK Asset Seven SPC LLC -293.8 billion MNT on December 11.
The General Authority of Social Insurance named MIK HFC LLC the “Top Employer" and "Best Social Insurance Premium Paying Organization” and presented certificates of honor.
The CFI.co Awards, headquartered in London, named MIK HFC LLC Asia's best issuer of mortgage-backed bonds in 2014.
Issued RMBS of 2014
MIK Asset Two SPC LLC issues RMBS of 222 billion MNT on July 10. MIK Asset Three SPC LLC issues RMBS of 324.5 billion MNT on November 30.
Development Bank of Mongolia (DBM) became a shareholder of MIK HFC LLC.
MIK HFC LLC was awarded "Best Achievement of 2013" by Bloomberg Awards.
Ms. Gantugs Damdin was appointed as Chief Executive Officer of MIK Holding JSC and MIK HFC LLC, by MIK Holding JSC Board decree.
The Bank of Mongolia, MIK HFC LLC, and commercial banks concluded the General Agreement on House Financing for the implementation of the housing finance program of the Government of Mongolia.
FRC approved and granted MIK Asset One LLC special permission for the issuance of RMBS.
MIK Asset One SPC LLC issued an initial RMBS of 322.9 billion MNT on December 23, 2013.
Concluded an MoU with the Bank of Mongolia and Ministry of Construction and Urban Development to implement the Construction Sector Support and Residential Housing Price Stabilization sub-program.
Obtained a license from FRC for the issuance of asset-backed securities and becomes a housing finance company (HFC).
FRC enacts Procedure on Issuance of Asset-Backed Securities.
Organized the Asia Pacific Regional Conference on Housing Finance in cooperation with the Asia Pacific Union for Housing Finance and Frankfurt School of Finance and Management.
Commercial banks purchased additional MIK shares and MIK’s equity fund increased.
MIK signs an MoU with the Mongolian National Construction Association and Mongolian National Center of Commerce and Industry for cooperation on the Private Sector 10,000 Family Housing program.
Organized a meeting to discuss with commercial banks about the Development of the Mongolian House Financing Market project funded by the German Bank for Reconstruction and Development.
The Financial Regulatory Commission registered and approved MIK’s request to issue its first bond.
Mongolian Parliament approved the Law on Real Estate Collateral processed by a working group including the MIK.
German Bank for Reconstruction and Development (KfW) and the Ministry of Finance concluded a cooperation agreement on providing technical assistance to MIK.
Bank of Mongolia approved the Residential Mortgage Financing Procedure which was drafted with MIK.
MIK became a member of the International Union for Housing Finance.
Memorandum of Understanding between the Ministry of Finance, the Bank of Mongolia, and MIK was signed for the implementation of a German Bank for Reconstruction and Development (KfW) initiated project.
Bank of Mongolia and ten commercial banks (including Anod Bank, Golomt Bank, Capital Bank, Capitron Bank, Mongol Post Bank, Khan Bank, Xac Bank, Trade and Development Bank, and Zoos Bank) jointly organized a meeting to establish a company to support the