Green Bond
By investing in bonds issued by a leading, financially strong publicly traded company, you can not only earn stable returns but also contribute to financing environmentally friendly projects and initiatives.
For detailed information on Green Bonds, CLICK HERE
ABOUT KHAN BANK
Khan Bank’s Sustainable Development Journey
Key Financial Indicators
GREEN BOND PROGRAM
On June 13, 2023, the Financial Regulatory Commission of Mongolia granted Khan Bank approval to launch the first Green Bond program in the Mongolian capital market.
A Green Bond is a sustainable financing debt instrument designed to support the green economy, mitigate climate change, and fund environmentally friendly projects and initiatives.
Mongolia has committed to reducing greenhouse gas emissions by 22.7% by 2030, and green investments are considered crucial to achieving the UN Sustainable Development Goals. As the leading bank in Mongolia, holding 32% of the banking system’s assets, Khan Bank is pioneering the Green Bond program.
Under the Green Bond program, a total of USD 30 million in financing will be offered in two phases.
In the first phase, 170,000 MNT-denominated Green Bonds will be publicly offered, each with a nominal value of MNT 100,000, a 36-month maturity period, an annual interest rate of 16%, and semi-annual interest payments.
Key Features of the Green Bond 
Core Documents of the Green Bond
This framework defines the “green” attributesof the bond to be issued, outlines eligible projects for financing, Process and establishes reporting obligationsto investors regarding the use of bond proceeds. This document has been developed in accordance with the International Capital Market Association (ICMA) Green Bond Principles and Mongolia’s Green Finance Taxonomy, as defined by the Mongolian Sustainable Finance Association.
You can access the Green Bond Financing FrameworkHERE.
The Green Bond Financing Framework Green Bond Principlesmust be verified by an independent assessment body to ensure compliance with international standards.
For Khan Bank, this verification has been conducted by 'Sustainable Fitch,' a division of Fitch Ratings.
The Green Bond Financing Framework document Green Bond Financing FrameworkHERE.
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