Navigating frontier markets: challenges and rewards

Author: | Published: 22 Jul 2019

In January 2019, Mongolian Mortgage Corporation, the only Mongolian finance company licensed to issue asset-backed securities and the sole residential mortgage-backed securities issuer in Mongolia, made its debut notes offering, which was followed by a successful tap issuance in February 2019. This benchmark debt capital market transaction represented the first capital market transaction from Mongolia in 2019, and reflected investors' continued interest in frontier markets – and Mongolia in particular....