Mongolian Mortgage Corporation Holding, the parent company of Mongolian Mortgage Corporation HFC LLC, has obtained special permission to offer its shares to the public and become a JSC.
The company, founded in 2006 by Mongol Bank and 10 commercial banks, aims to provide the people of Mongolia with housing, support the construction of the housing market, support the primary and secondary markets for mortgages by raising capital from domestic and international financial markets through various financial instruments, and create a long-term system of housing finance.
In the frame of projects to create a sustainable system for housing finance, the company buys mortgages from banks, pools them, securitizes them, and provides primary and secondary markets for mortgages with liquidity. The company issued its first ABS in December 2013, and has so far securitized 1.9 trillion MNT in mortgages. On top of that, the company has actively expanded its operations in the last three years, Mongolian Mortgage Corporation managed to multiply it’s capital by 9.3 times and its total capital 101.4 times, and by 2014, the company’s capital yield reached 26 percent.
It is an honor to announce that Mongolian Mortgage Corporation is offering 15 percent of the company to the public with aims to expand its operations, be an open market company, strengthen transparency and good governance, and to attract foreign and domestic investors.
By doing so, public and private companies can buy additional shares and become Mongolian Mortgage Corporation shareholders and investors.
The investor meetings and prospectus tour took place Mongolian Mortgage Corporation’s office from 2:00 to 4:00 p.m. on December 18, 2015;
at Soyombo Hall at Best Western Tuushin Hotel from 11:00 to 1:30 p.m. on December 21, 2015; and
at Mongolian Mortgage Corporation’s office and the Mongolian Stock Exchange from 2:00 to 4:00 p.m. on December 22, 2015.
For the attention of investors:
As the underwriter, we advise you to note that investing through share sales is always a risky action, and to make your investment decision upon carefully studying the prospectus and the IPO operation.
Address: Peace avenue 19, Trade & Development Bank(TDBM) Building, 10th floor, Sukhbaatar district 1st khoroo, Ulaanbaatar-14210, Mongolia
E-MAIL: Info@mik.mn
WEB: www.mik.mn
PHONE: +976-11-328267
FAX: +976-11-317933
Mongolian Mortgage Corporation Holding, the parent company of Mongolian Mortgage Corporation HFC LLC, has obtained special permission to offer its shares to the public and become a JSC.
The company, founded in 2006 by Mongol Bank and 10 commercial banks, aims to provide the people of Mongolia with housing, support the construction of the housing market, support the primary and secondary markets for mortgages by raising capital from domestic and international financial markets through various financial instruments, and create a long-term system of housing finance.
In the frame of projects to create a sustainable system for housing finance, the company buys mortgages from banks, pools them, securitizes them, and provides primary and secondary markets for mortgages with liquidity. The company issued its first ABS in December 2013, and has so far securitized 1.9 trillion MNT in mortgages. On top of that, the company has actively expanded its operations in the last three years, Mongolian Mortgage Corporation managed to multiply it’s capital by 9.3 times and its total capital 101.4 times, and by 2014, the company’s capital yield reached 26 percent.
It is an honor to announce that Mongolian Mortgage Corporation is offering 15 percent of the company to the public with aims to expand its operations, be an open market company, strengthen transparency and good governance, and to attract foreign and domestic investors.
By doing so, public and private companies can buy additional shares and become Mongolian Mortgage Corporation shareholders and investors.
The investor meetings and prospectus tour took place Mongolian Mortgage Corporation’s office from 2:00 to 4:00 p.m. on December 18, 2015;
at Soyombo Hall at Best Western Tuushin Hotel from 11:00 to 1:30 p.m. on December 21, 2015; and
at Mongolian Mortgage Corporation’s office and the Mongolian Stock Exchange from 2:00 to 4:00 p.m. on December 22, 2015.
For the attention of investors:
As the underwriter, we advise you to note that investing through share sales is always a risky action, and to make your investment decision upon carefully studying the prospectus and the IPO operation.
Address: Peace avenue 19, Trade & Development Bank(TDBM) Building, 10th floor, Sukhbaatar district 1st khoroo, Ulaanbaatar-14210, Mongolia
E-MAIL: Info@mik.mn
WEB: www.mik.mn
PHONE: +976-11-328267
FAX: +976-11-317933
