On December 3, 2024, the "Mongolian Stock Exchange" JSC organized the ringing of the bell ceremony for the primary market trading of "Shunkhlai bond" offered by Shunkhlai LLC. The event was held at the Financial Regulatory Commission’s hall.

At the ceremony, Khash-Erdene. T, Chief of the Business Development Department of MSE, Tserenbadral. T, Deputy Chairman of the Financial Regulatory Commission, Munkhnaran. J, CEO of "Shunkhlai" LLC; Gan-Erdene. S, CEO of "Golomt Capital UTsK" LLC, and other officials participated. 

Key Remarks at the Ceremony

Khash-Erdene. T, Chief of the Business Development Department of MSE:

“Shunkhlai LLC, a key player in the import, storage, transportation, and sale of petroleum products in Mongolia, began its operations in 2005. It has since successfully expanded its business across Ulaanbaatar and all 21 provinces. Through three bond programs conducted between 2022 and 2024, the company raised MNT 93.9 billion from over-the-counter market. 

According to the securities prospectus, Shunkhlai’s petroleum business profits grew by an average of 47.2% annually between 2020 and 2023, reaching MNT 98.8 billion by the end of 2023. The company now aims to raise MNT 80 billion through the Mongolian Stock Exchange by offering 800,000 bonds, each with a face value of MNT 100,000, a 12-month term, and a 17% annual yield. These bonds will be repaid from revenue generated through its core operations in petroleum product sales.

We invite all investors to participate actively in the primary trading of these bonds. Congratulations to Shunkhlai LLC, and best wishes for a successful trading program!”

Tserenbadral. T, Deputy Chairman of the Financial Regulatory Commission:

“Interest in raising funds through the capital market is growing among Mongolia’s TOP-100 companies, leading to the introduction of quality products and broader investment choices.

Globally, bond markets are typically developed early in the evolution of financial markets. In 2021, the Financial Regulatory Commission introduced revised regulations to support bond market development, including streamlined registration processes, permission for unsecured bonds, and the implementation of green bonds.

Amid this positive shift in Mongolia’s financial market, we are pleased that Shunkhlai LLC—a representative of Mongolia’s TOP-100 enterprises—has issued an open bond, marking a significant milestone. This is the first rated bond issued by a TOP-100 company in Mongolia. I wish Shunkhlai success in their trading efforts.”

Gan-Erdene. S, CEO of "Golomt Capital UTsK" LLC:

“At Golomt Capital, we actively engage in Mongolia’s capital markets, particularly the bond market, and have raised nearly MNT 1 trillion in funding in 2024 alone. We are delighted to bring Shunkhlai’s MNT 80 billion open bond offering to the public and encourage investors to seize this opportunity.”

Munkhnaran. J, CEO of "Shunkhlai" LLC

“I extend my gratitude to the Financial Regulatory Commission, the Mongolian Stock Exchange, our partners, and investors. Shunkhlai plays a critical role in Mongolia’s petroleum supply chain, where 100% of products are imported. Adequate storage capacity and working capital financing are essential for success. The MNT 80 billion raised through this bond will be allocated to working capital. I thank all our supporters and investors for their trust and commitment.”

Following his remarks, Munkhnaran. J rang the opening bell and signed the memorial book of the Mongolian Stock Exchange.

MONGOLIAN STOCK EXCHANGE