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MIK HFC LLC successfully issues it’s debut bond issuance of $250 million at 9.75% for 3 year tenor

On January 29th, 2019, MIK HFC LLC successfully raised USD250.0 million worth of bonds on the international capital market. The bond’s annual coupon is 9.75% with a tenor of 3 years.

The company is currently rated B3 by Moody’s and B by S&P, on par with the sovereign. It is the third private company to issue bond on the international market from Mongolia.