On Thursday, September 15, last week, in the Soyombo Hall of Tuushin Hotel, the one-year anniversary event of the development of Over-The-Counter (OTC) market in Mongolia was successfully held. The main organizer of the 1st anniversary of this event was the Mongolian Association of Securities Dealers, the co-organizer was the Financial Regulatory Committee, and the members of the Mongolian Association of Securities Dealers were the sponsors and supporters of the event.
In this event, the companies that issued their bonds on the OTC market during the past year and the participants who provided professional services in raising funds for those companies were introduced. All the participants in the market reported that obtaining financing through the issuance of debt instruments in the over-the-counter market is relatively faster and less expensive than obtaining financing from the exchange market.
A total of fifty-two companies have successfully issued sixty-six bonds on the OTC market, and a total of one trillion MNT bonds have been registered. The fact that the OTC market was able to serve domestic wealth-creating companies and attract the necessary funds showed that this market has a lot of room to expand and potential in Mongolia.
