IFR Asia announces the winners of the 2024 IFR Asia Awards, and Golomt Bank has been honored with the prestigious “Frontier Markets Deal of the Year” award. This recognition celebrates the bank’s outstanding achievement in global financial markets, particularly highlighting the successful issuance of its debut US$300 million bond in the Reg S/144A format.

The issuance of Golomt Bank’s inaugural international bond, with a three-year maturity, represents a significant milestone for Mongolia’s financial sector. The bond was met with strong demand, attracting participation from over 50 professional investors and surpassing the initial subscription target. Its competitive pricing and the confidence shown by investors reflect the bank’s financial stability and the growing trust in Mongolia’s capital markets.

The successful bond issuance was made possible through the collaboration of J.P. Morgan Securities PLC and Deutsche Bank AG, who served as joint global coordinators, Korea Investment & Securities Asia Limited, acting as joint bookrunner, and Frontier Strategies, which provided essential advisory services throughout the process.

This achievement underscores Golomt Bank’s strategic focus on expanding its international presence and contributing to Mongolia’s economic growth. As Mongolia increasingly integrates into the global economy, the bank remains dedicated to delivering long-term value for its stakeholders.