Funds Raised from Bond to Be Allocated for Milk and Dairy Production

Ulaanbaatar, June 19, 2025 /MONTSAME/. The Asian Development Bank (ADB) has priced its second Mongolian Tugrug (MNT) bond for this year, raising around USD 15.6 million.

Funds raised from the bond will be invested in the Mongolian milk and dairy products sector project. Specifically, within the framework of the “APU Dairy LLC – Inclusive Value Chain Development Project,” investments will be dedicated to constructing a new factory building, increasing packaging capacity, establishing raw milk collection points, and meeting working capital needs. The project aims to foster a sustainable system of domestic milk supplies and boost the inclusivity of women in the industry.

The MNT-denominated bond has a maturity of 6.1 years and a fixed coupon rate of 10.3 percent. The bond carries the largest notional amount and longest tenor for an MNT bond since the “Nomad” bond, issued by the ADB in 2020.