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TDB issues Mongolia's first international green and social bonds

  • By chagy5
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  • 2024-11-14
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TDB issues Mongolia's first international green and social bonds

Trade and Development Bank (TDB) releases Mongolia’s first green and social bond for international professional investors. This is the first five-year or long-term bond issued by the private sector since the bond issued by the TDB in 2015. With the issuance of this bond, TDB becomes the first private company in Mongolia to receive investment from one of the world's top 10 asset management companies. It is also Mongolia's first green and social bond registered on the Bloomberg terminal.

TDB has a history of strengthening and increasing the reputation and reliability of not only the bank itself in the international market, but also of Mongolia by responsibly fulfilling its obligations under any type of international agreements.

TDB joined the 17 Sustainable Development Goals of the United Nations and developed the "Climate 30+ Initiative: Green Revival" program, which is the first sustainable financing initiative of the private sector in Mongolia. Within the framework of this program, TDB is working on a long-term strategic goal of becoming a Green Bank. Also, the bank has set a goal of providing funds to support sustainable development of 2 billion USD by 2030.

The bond proceeds will finance green projects such as renewable energy, air pollution reduction projects, sustainable agriculture, green buildings, and community-oriented projects such as health, food security, and access to education, in line with this strategic goal.

Trade and Development Bank, as a leading bank representing Mongolia at the international level, will continue to increase foreign investment and contribute to the sustainable development of Mongolia.

Trade and Development Bank (TDB) releases Mongolia’s first green and social bond for international professional investors. This is the first five-year or long-term bond issued by the private sector since the bond issued by the TDB in 2015. With the issuance of this bond, TDB becomes the first private company in Mongolia to receive investment from one of the world's top 10 asset management companies. It is also Mongolia's first green and social bond registered on the Bloomberg terminal.

TDB has a history of strengthening and increasing the reputation and reliability of not only the bank itself in the international market, but also of Mongolia by responsibly fulfilling its obligations under any type of international agreements.

TDB joined the 17 Sustainable Development Goals of the United Nations and developed the "Climate 30+ Initiative: Green Revival" program, which is the first sustainable financing initiative of the private sector in Mongolia. Within the framework of this program, TDB is working on a long-term strategic goal of becoming a Green Bank. Also, the bank has set a goal of providing funds to support sustainable development of 2 billion USD by 2030.

The bond proceeds will finance green projects such as renewable energy, air pollution reduction projects, sustainable agriculture, green buildings, and community-oriented projects such as health, food security, and access to education, in line with this strategic goal.

Trade and Development Bank, as a leading bank representing Mongolia at the international level, will continue to increase foreign investment and contribute to the sustainable development of Mongolia.

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