Post by
Jack79 on Jun 26, 2021 1:28am
Gangsta's paradise.....another insider's grants....
As i said, after FRC (financial regulatory commission of mongolia) agreed around additional 1M shares for local market, SEDI reported 200k insider's grants....Local news reported: "...STGO offering 1,111,110 ordinary shares at par value MNT 4,500, eq. to US$ 1.6, or CAD$ 1.94, ..... and independent anaylsts said SP expected to up around CAD$ 4.0....., 50% of shares offered for strategic/institutional investors, 50% for public...."
Same time with above news, MSE announced another NBFI bond issuance:
LendMN NBFI MNT 5 billion, (eq. to US$ 1.8M) 17% yield pa bond: https://mse.mn/en/news/8650
Invescore NBFI 1st tranche bond went successfully: "..Total of 11 strategic investors and 61 individuals participated in the trading and subscribed for MNT14.0 billion, which was 75.5% more than the offered. According to the allocation plan, orders up to MNT 10.0 million was fully filled, and the remaining amount was allocated in proportion of 39.4%.." https://mse.mn/en/news/8623
Let me analyze above news, almost same amounts of $ STGO & LendMN offered, around MNT 5.0 billion, eq. to US$ 1.8M, but NBFI bonds offered avg. 14% pa yield, & previous NBFI primary market bond issuance went successfully. How much yield STGO offering to its local investors? Interesting...