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Mongolian Mortgage details repurchases of 8.85% notes due 2024
By Mary-Katherine Stinson
Lexington, Ky., Feb. 13 – Mongolian Mortgage Corp. HFC LLC repurchased a total of $11.929 million of the $250 million 8.85% senior notes due 2024 (Cusips: 60938EAB6, Y6142GAB9) issued on Feb. 8, 2021 and guaranteed by MIK Holding JSC, according to a notice.
The notes were bought back in on-market repurchases on Nov. 8, Nov. 9 and Nov. 16 and on Jan. 10 and Jan. 12.
The average price was $756 per $1,000 in principal amount.
Settlement and cancellation were completed on Feb. 9.
Following cancellation, the total outstanding principal amount outstanding is $222.871 million.
The notes are listed on the Singapore Exchange Securities Trading Ltd.
Based in Ulaanbaatar, Mongolia, the company issues mortgage-backed securities and is a subsidiary of Mongolian Mortgage Corp. Holdings JSC.
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