Sendly NBFI JSC launched the primary market trading of its Sendly Bond 3.0 debt instrument at a bell-ringing ceremony held at the Mongolian Stock Exchange (MSE) Hall.
The company is offering 120,000 fixed-rate ordinary bonds to the public with a face value of 100,000 MNT each, aiming to raise 12 billion MNT. The bonds carry a 24-month maturity and a 19 percent interest rate. Sendly NBFI shared that proceeds from the offering will go toward financing its core business operations and lending activities.
Speaking at the event, Acting CEO of the MSE D.Munkhbat noted that Sendly has operated in the country’s non-bank financial sector for over a decade and became a public joint-stock company in September 2022, after offering its shares on the exchange. He added that the company previously raised 10 billion MNT in August 2024 through a public offering of its Sendly 2.0 open bond, and he congratulated the company’s team ahead of the new trading launch.
Deputy Chairman of the Financial Regulatory Commission T.Tserenbadral remarked that financial market activity intensified over the first eight months of the year and is expected to remain strong through the third quarter. Sendly Bond 3.0 marks the 14th product offered to the public on the capital market this year, bringing total financing raised by business entities through the capital market to 613 billion MNT. He said the commission, as the capital market regulator, continues to implement phased policy and regulatory measures aimed at fostering sustainable market growth, increasing activity and improving accessibility. He also pointed to market infrastructure institutions’ ongoing work on market-making measures to boost liquidity and trading activity, calling the revision and implementation of related regulations a significant development.
T.Tserenbadral further emphasized that new products are entering the market to expand opportunities for domestic investors to access securities and fund units traded abroad. He cited an investment fund comprising a portfolio of 17 exchange-traded funds from the New York Stock Exchange, listed locally last August, which allows domestic investors to access a range of foreign-traded ETFs at relatively low cost through a professionally managed fund.
Sendly NBFI has issued public bonds twice before, in 2021 and 2023, raising a combined MNT 18.5 billion and distributing 6.2 billion MNT to investors. T.Tserenbadral described the company as an active participant in the non-bank financial and fintech sectors that has helped normalize the practice of raising capital from the stock market, and he wished success to the company’s team, underwriters and the legal and audit firms involved in the offering.
