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Prospect News home > News index > List of issuers M > Headlines for Mongolian Mining Corp. > News item
Published on 3/15/2023 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Mongolian Mining unit repurchases $26.16 million 9¼% notes due 2024

By Mary-Katherine Stinson

Lexington, Ky., March 15 – Mongolian Mining Corp.’s Energy Resources LLC unit repurchased $26.16 million of its 9¼% notes due 2024 (ISIN: USG61759AA70, US60938LAA26) issued on April 15, 2019, according to a notice.

The buyback represents 5.95% of the original issue.

The notes were bought back in open market purchases and have been canceled.

Following cancellation, the total outstanding principal amount outstanding is $350,249,000.

Ulaanbaatar, Mongolia-based Energy Resources is a wholly owned subsidiary of Mongolian Mining, which owns and operates two open-pit coking coal mines in South Gobi, Mongolia.


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