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Friday October 25th, 2024

The USD-denominated Green Bond is now available for trading in the market

 

Mongolia’s first green bond issued outside the financial sector has achieved an “EXCELLENT” rating from the internationally recognized Sustainable Fitch, setting a milestone in the nation’s capital market.

 

This USD-denominated green bond is the second of its kind in Mongolia and is issued by TML Plastic, a leading player in the recycling of plastic waste, including PET bottles and containers, which are significant contributors to environmental pollution.

 

Available for trading on the Mongolian Stock Exchange, the bond offers an attractive coupon rate, 5.6 percentage points above the average rate of 36-month USD deposits offered by Mongolia’s five major commercial banks. Coupon payments are scheduled semi-annually.

 

Over the past three years, TML Plastic’s initiatives have offset 63.2 thousand tons of greenhouse gas emissions, saved 139.9 MWh of energy, and prevented 46.5 thousand cubic meters of soil contamination. With proceeds from this bond, TML aims to recycle an additional 82.6 thousand tons of plastic waste over the next five years, mitigate 242.3 thousand cubic meters of landfill accumulation, offset 474.3 thousand tons of CO₂ emissions, and achieve energy savings of 1.0504 billion kWh.

 

  • Currency: United States Dollar (USD)

  • Nominal Value: USD 100 per bond

  • Coupon Rate: 10% per annum

  • Maturity: 3 years

  • Coupon Payment Frequency: Semi-annually

  • Withholding Tax on Interest: 5%

  • Liquidity: Listed and publicly traded on the Mongolian Stock Exchange, providing high liquidity

 

 

 

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