TDB Issues Mongolia’s First Green and Social Bond in the International Market

Last Updated on November 17, 2024 6:20 am

The first Social and Green Bond from Mongolia has been issued by the Trade and Development Bank (TDB) for international professional investors. This is the first five-year or long-term bond issued by the private sector since the TDB’s bond, issued in 2015.

With the issuance of this bond, TDB has become the first private company in Mongolia to attract investment from Asset Management Company, a TOP 10 in the world. It is also the first Green and Social Bond in Mongolia listed on the Bloomberg investment terminal.

TDB has been strengthening and enhancing the reputation and reliability of not only Mongolian banks but also the country, Mongolia in the international market, by responsibly fulfilling obligations under international agreements.

TDB has joined the 17 UN Sustainable Development Goals and developed the “Climate 30+ Green Recovery” program, Mongolia’s first private sector sustainable finance initiative. Within the framework of this program, TDB strives for a long-term strategic goal to become a Green Bank. The bank also aims to provide sustainable financing of USD 2 billion by 2030.

In line with this strategic goal, the funds raised from the bond will finance renewable energy and air pollution reduction projects, green projects such as sustainable agriculture and green buildings, as well as socially oriented projects including health, food security, and access to education.

As the leading bank representing Mongolia internationally, Trade and Development Bank will continue to work to increase foreign investment and contribute to the sustainable development of Mongolia.