Green Bond issued for waste recycling in Mongolia

TJTB LLC, a company listed on the Mongolian Stock Exchange, has introduced the “Green Recycle” Green Bond for public offering, MONTSAME reports.

The primary market trading orders for the second tranche of the green bond will be accepted through the IPO system of the Mongolian Stock Exchange on December 20-26, 2024.

Bond Overview:

Name: "Green Recycle" Bond

Number of Bonds: Up to 40,000

Nominal Price: USD 100

Total Value: USD 4,000,000 (Four million US dollars)

Annual Interest Rate: 10.0%

Bond Term: 36 months

Interest Payment Frequency: Semi-annually

Repayment Method: At maturity

Custody and Settlement: Central Securities Depository

By issuing this bond, the company aims to raise funds for its "TML Plastic" Recycle Plant, which specializes in recycling plastic bottles and products.

Earlier it was reported that Iran develops catalysts to transform oil refinery waste into high-value fuel.