Today (July 7, 2025), at the “MSE Hall” of the Mongolian Stock Exchange (MSE), the ringing of the bell cerenomy for the primary market trading of the "Gender Bond"—a debt instrument issued and offered to the public by Khan Bank JSC. The ceremony was attended by Dulguun.B, Interim CEO of the Mongolian Stock Exchange, Davaadalai.B, Economic Policy Advisor to the President of Mongolia, Jambaajamts.T, Chairman of the Financial Regulatory Commission (FRC), Dulguun.B, Director of the Securities Department of FRC, Ulziibayar.B, CEO of “Ulzii & Co Securities” LLC, along with other officials.

In his opening remarks, Dulguun,B, Interim CEO of MSE, said:

“Greetings to everyone attending the ceremony for the public offering and primary market trading of Khan Bank’s ‘Gender Bond’!

In April 2023, under the Banking Law, Khan Bank issued 191,219,800 additional shares—equivalent to 10% of its total shares. This was the largest and most inclusive capital raising in Mongolia’s capital market history, receiving the highest number of subscriptions. Today, as a publicly listed national bank in MSE’s Tier 1 board, we are proud to introduce yet another financial instrument to the market.

Since 2011, Khan Bank has integrated environmental and social policies into its lending activities, joined Mongolia’s Sustainable Finance Initiative, and aligned its operations with the UN’s 17 Sustainable Development Goals.

As part of its continued leadership, Khan Bank is now offering 300,000 bonds, each with a face value of MNT 100,000, an annual interest rate of 16%, and a 36-month maturity. The goal is to raise MNT 30 billion from investors. Orders will close once 100% of the offering is subscribed. This marks the launch of a new product in the capital market.

With the growing number of female entrepreneurs globally and in Mongolia, and their increasing economic participation, Khan Bank is proud to promote equal opportunities and provide the financial support they need. I extend my congratulations and best wishes for success in trading this “Gender Bond” on the domestic capital market.”

Davaadalai.B, Economic Policy Advisor to the President of Mongolia:

“For the first time, Mongolia will host the Global Summit of Women Entrepreneurs in August 2025, under the auspices of the President. This significant event will showcase Mongolia’s contribution to sustainable development and gender equality on the international stage.

Women entrepreneurs play a major role in the nation's wealth creation. Therefore, I would like to express appreciation—on behalf of the President and the Office of the President—to Khan Bank for offering the ‘Gender Bond’ to support women-led small and medium enterprises.”

Jambaajamts.T, Chairman of the Financial Regulatory Commission (FRC):

“Congratulations on this historic day for Mongolia’s capital market, with the launch of its first social bond—the ‘Gender Bond.’

It has been 30 years since the launch of secondary market trading in Mongolia. Over this time, we’ve seen stocks, corporate bonds, asset-backed securities, and investment fund units enter the market. Today, we are witnessing the emergence of a new type of product.

This is a significant milestone for market participants, infrastructure providers, and issuers alike. In recent years, the bond market has diversified with instruments aimed at addressing environmental, social, and economic goals. Globally, issuers are introducing investment instruments that comply with universal standards and reduce negative environmental and social impacts.

In June 2025, the FRC updated its regulations to enable the issuance of various bonds such as social bonds, gender bonds, sustainable development bonds, and blue bonds.”

Munkhtuya.R, CEO of Khan Bank JSC:

“We are proud to introduce the ‘Gender Bond,’ a brand-new product offered to the public. Khan Bank became a publicly listed company in 2023 and is now the largest listed company on the Mongolian Stock Exchange, with a market value of MNT 2 trillion.

In 2024, we issued a Green Bond. Now, within the framework of sustainable development, we are launching a social bond focused on gender equality and economic inclusion. Our aim is to support female entrepreneurs by increasing job opportunities, building their financial capacity, and empowering them to become capable leaders and managers.

I would like to thank all regulatory bodies and partners who supported us in making this possible. Our goal is to remain a leader not only in the banking sector but also in the capital market.”

Ulziibayar.B, CEO of “Ulzii & Co Securities” LLC:

“The ‘Gender Bond’ is the first product issued under the newly updated Corporate Debt Instrument Regulations approved by the FRC. It is noteworthy that Khan Bank, the largest bank in Mongolia, chose to partner with a woman-led securities company to implement a financial instrument dedicated to supporting women entrepreneurs. This demonstrates strong alignment in mission and vision.”

At the end of the event, "Khan Bank" JSC CEO Munkhtuya.R rand the opening bell to officially commence the primary market trading of the “Gender Bond.”

Click here to see the bond prospectus.

MONGOLIAN STOCK EXCHANGE