Erchim bond, underwritten by Golomt bank and Golomt Securities, has been successfully traded on primary market from August 12 to August 21, 2015.
The bond, a face value of MNT10,000 and 18.5% interest, was offered to public and total order amounted to MNT 2.4 billion and oversubscribed by 4.7 times which clearly showed high demand of the bond in stock market.
The bond will now be traded on secondary market after its successful trade on primary market.
Erchim Engineering LLC, bond issuer, was established in 1999 and is one of the first leading companies to operate in installation, supply and repairs service of energy manufacturing. The bond proceeds will be used for the project completion, which “Erchim Engineering” LLC is currently working on, while availing itself of the favorable weather season, and before the next installment comes in.