Economic
Ulaanbaatar Launches 200 Billion MNT Bond for TPP-5 Power Plant
Ulaanbaatar has issued a 200 billion MNT domestic bond at a 14% interest rate to finance the construction of the TPP-5 thermal power plant, a major infrastructure project aimed at boosting energy supp
Ulaanbaatar authorities have launched a 200 billion MNT (approximately $56 million) domestic bond issuance to fund the TPP-5 (Thermal Power Plant No. 5) project, a key energy infrastructure initiative for the capital city. The three-year securities carry an annual interest rate of 14%, signaling the city’s continued reliance on capital markets to mobilize investment for large-scale projects. Construction is expected to take about 30 months, with the plant designed to increase electricity supply capacity and support stable growth in Ulaanbaatar’s rapidly expanding urban economy. The bond issuance underscores Ulaanbaatar’s efforts to balance infrastructure spending with fiscal constraints, while also strengthening the local bond market and deepening financial sector participation in public investment.
- Status
- active
- Location
- Ulaanbaatar, Mongolia
- Date added
- 2026-03-31 14:06 UTC
- Added by
- bodglobalapdrt
- Last updated
- 2026-03-31 14:06 UTC
- Source
- Mongolia Insider
- Connected threats
- Not provided