The Wall Street Journal [Must subscribe to read full article.]
By Ellen Sheng & Peter Stein
HONG KONG–Mongolia plans to raise up to $1 billion through a sovereign bond offering in the fourth quarter of this year, the country’s prime minister said.
The government is also moving forward with plans to list publicly owned mining, energy and infrastructure assets, Prime Minister Sukhbaatar Batbold said at a forum organized by the Hong Kong Stock Exchange.
Though Mongolian officials said a listing venue hasn’t yet been decided, Mr. Batbold said that “Hong Kong is a natural choice for us in terms of funding and expertise.” He noted that Hong Kong was the “best gateway” …