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Happy Monday! Have any idea who the Mongolian genius behind Samsung’s Global Strategy is? Watch the debut episode of Lemonade in Korea now to find out!

Today’s newsletter in 3 sentences…

• 🎩 Mongolian TOP-100 equities announced

• 🐺 First Mascot of Mongolia’s National Team

• 💚 TDB’s Green Bond on the Vienna Stock Exchange

Let’s Dive In. 🌊

MARKET

• MNG: Oyu Tolgoi leads the Mongolian TOP-100 equities list this year, followed by Energy Resources, and KhanBank (KHAN). 

• IFC: The  International Finance Corporation is considering an investment of up to $150 million in Golomt Bank (GLMT). 

• STGO: Steppe Gold reports sales of 12,607 ounces of gold and 2,833 ounces of silver from its Boroo Gold mine in Q3.

🏀🐺 First Mascot of Mongolia’s National Team

The Mongolian national basketball team enters the second round of the Asian Championship qualifiers in 3 days, marking its first participation in this prestigious tournament. In celebration, Mongolia unveils its first-ever mascot a symbolic "Blue Wolf," designed by Nomad Toys. Alongside the 2.2-meter-tall mascot statue, 20 unique “Art Toys” launch to boost national pride and support for the team.

• 🐺 Steppe Blue Wolves - Icon of Mongolia: The “Blue Wolf” embodies resilience and Mongolia's fighting spirit. Mongolia competes in the FIBA Asia Cup Qualifiers for the first time, with the UAE national team also returning after a 13-year break. HERE is the full list of Mongolian players representing the team in Japan for the upcoming game.

1️⃣ The Path to the FIBA Asia Cup

The tournament, which starts in June 2022, concludes in Saudi Arabia in August 2025. On the Asian Cup Qualifiers stage, the 24 participating teams are divided into 6 groups of 4 countries each. The top 2 teams from each group, totaling 12 teams, advance to the final stage. Mongolia is grouped with China, Japan, and Guam in Group C. Currently, Mongolia faces defeats against China and Guam in the qualifiers.

💫 Mongolia’s Growing Basketball Talent

In a larger frame, Mongolian players continue to make international strides. O. Khulan recently signs with WBCA’s Wuhan Cranes, making history as the first Mongolian female athlete in a major Asian league, while Sh. Enkhin-Od gains recognition in the NDAA. In addition, Mongolia’s 3x3 basketball teams excel, with the men ranking at 7th globally and the women ranking at 12th, showcasing Mongolia's rising basketball prowess.

Support Mongolia in the FIBA Qualifiers! With Mongolian athletes gaining international attention, tune in to FIBA’s YouTube channel to support Mongolia in the Asian Championship qualifiers.

💚 Mongolia's First Green Bond on the Vienna Stock Exchange

Trade Development Bank (TDB) successfully launches Mongolia’s first Social and Green Bond dedicated to international investors. 

• 💰 The bond, a 5-year “Senior Unsecured Green and Social Bond," is listed on the Vienna Stock Exchange in Austria, marking a significant milestone for both TDB and Mongolia’s financial sector.

🤲 Dual purpose 

This type of bond addresses critical social challenges such as poverty, education, and health, while also supporting ecological sustainability initiatives, including renewable energy and climate change mitigation. TDB aims to channel $2 billion into sustainable development projects by 2030 as part of its broader strategy to transform into a Green Bank.

🤩 Successful Market Debut

TDB, with its extensive experience in the international bond market, has issued a total of 5 bonds since 2007, raising a total of $1.14 billion. This latest bond issuance highlights the bank’s commitment to supporting green and social projects, attracting $50 million in financing from the global TOP-10 asset management firms, led by BlackRock (BLK) and Vanguard. Notably, the bond features a competitive 9.5% annual interest rate, with interest and principal payments made semi-annually. FYI, the bond was underwritten by Korea Investment & Security Asia (KISA), a major player in global investment.

• 🍰 The funds raised are allocated as follows: 80% ($40 million) goes to green loans for environmental sustainability, while 20% ($10 million) is dedicated to social loans addressing key issues.

• 🆙 Raising Mongolia’s profile: The successful issuance of this bond marks a historic achievement for Mongolia’s banking sector, raising the country’s financial profile on the international stage. It highlights TDB's commitment to integrating ESG factors into its lending practices, solidifying its leadership in sustainable finance in the region.

TDB’s ability to attract significant international investment underscores the growing confidence in Mongolia's financial markets and its commitment to sustainable economic growth. The issuance of the bond signals a promising future for Mongolia’s financial sector, as the country positions itself as an emerging player in the global sustainable finance landscape.

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⭐ Selected for you

ECONOMY & BUSINESS

•  Khubilai Khaan’s Mongol Navy” Commemorative Coin Now on the Market. (BOM)

• Mongolia's Foreign Trade Turnover Reaches $22.8 Billion in 10 Months. (NSO)

• The State Budget for the First 10 Months of 2024 Shows ₮25.5 Trillion in Revenue, ₮22.3 Trillion in Expenditure, and a Surplus of ₮1.5 Trillion. (NSO)

POLITICS

• The Number of Migrants Arriving in Kazakhstan from China and Mongolia Has Reached a Record High. (Adyrna)

• UK/Mongolia: Agreement Concerning Air Services. (GOV.UK) 

• South Korea Will Offer Tailored Programs for Mongolia and Countries in the Caribbean Region in the Maritime Sector. (YonhapNewsAgency)  

• Sino-Mongolian Relations Shrouded in Resentment. (GIS)

• Chingeltei District and UNDP Mongolia Partner to Tackle Air Pollution and Accelerate Renewable Energy Transition. (UNDP)

• FC Barcelona Chief Joan Laporta Touches Down in Mongolia. (FootBoom)

MINING

• Aspire Mining Eyes Lucrative Chinese Market with Updated Coal Reserves at Ovoot Project in Mongolia. (SmallCaps)

• TMK Energy Drives Mongolia’s Natural Gas Expansion. (MarketsInsider)

CULTURE & LIFESTYLE

• Lady of the Gobi: Trucking Coal Across the Desert to China. (TheGuardian)

• Is Mongolia Going Back Into a Communist-Type of Regime Again? (MissionNetworkNews)

• Human Cases of Anthrax Reported in Western Mongolia. (XinhuaNews)

• Kim Seok-hoon, the 'People Who Wipe the Earth,' is Set to Climb Mongolia's Rock Wall. (MK)

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Publisher: Ts.Ankhbayar
Writer: M.Khulan, Kh.Sainbayar
Graphics by: Ch.Battseren

Disclaimer: The information Inside Mongolia provides is for educational and informational purposes only. It is not intended to be or constitute financial advice, trading advice, or any other advice. The decision whether to consider the information we provide is solely our readers' independent decision.