Está en la página 1de 3

DEVELOPMENT BANK OF MONGOLIA Daily Treasury Report

Treasury Management Division 3/20/2017

News Highlights Mongolian Economic Main Indicators


Mongolia Indicators Unit 2016.02 2017.02 Year/chg %
Government pledges continued protection for investors interest Money Supply (M2) bln.MNT 10,011.00 12,260.70 22%
(montsame.mn/eng) Inflation /Year to date/ % 1.20% 2.10% 75.0%
On March 16, the first meeting of a Council to protect the interests of Equilibrated overall balance of budget bln.MNT (258.50) (211.70) -18%
investors was held to hear reports about the current situation of the Trade balance mln.USD 261.20 334.20 27.9%
investment environment and the progress of large-scale investment Export /accumulated/ mln.USD 613.30 825.30 35%
agreements and arbitration cases or disputes in which the Mongolian Import /accumulated/ mln.USD 352.10 491.00 39%
government was involved. More than half of foreign investors in
Mongolia are said to have left in the past 4 years. While on the one hand, Policy rates
the reason behind this is the current economic difficulties, on the other Central Banks' interest rates Latest % Previous % Updated date
hand, inconsistent policy and government's withdrawal from contracts are Policy rate of BOM 14.00 15.00 12/19/2016
what caused investors to lose their trust.Therefore, Prime Minister PBC base interest rate (China) 4.35 4.60 10/24/2015
J.Erdenebat has issued an ordinance to establish the council aimed at FED - Federal Funds Rate 1.00 0.75 3/14/2017
urgent settlement of complaints and petitions regarding the interests and ECB - main refinancing rate 0.00 0.05 3/16/2016
rights of investors and bureaucratic and illegal activities, as well as BOE official bank rate (England) 0.25 0.50 8/4/2016
prevention and potential risks. Members of the council, chaired by
J.Munkhbat, head of Cabinet Secretaries, include Minister of Finance,
State Secretaries in charge of Justice and Home Affairs, Road and Bank of Mongolia - Interest corridor
Transport, Mining and Energy and advisors to the Prime Minister, Indicators Latest % Previous % Updated date
department heads of corresponding ministers and representatives of Overnight repo 17.00 18.00 12/19/2016
National Development Agency, Development Bank, Mongolian Chamber Overnight deposit 13.00 14.00 12/19/2016
of Commerce and NGOs. Repo 16.00 17.00 12/19/2016
Mongolia Plans Copper Concentrate Smelter Near Oyu Tolgoi Mine
(bloomberg terminal) Money market interest rates
(Bloomberg) -- The Mongolian government approved a Ministry of Indicators Rates % Daily chg % Yearly chg %
Mining and Heavy Industry proposal to establish a copper concentrate Libor USD 2M 1.0217 0.60 24.68
smelter in the Gobi Desert province of Omnogovi, according to a Libor USD 3M 1.1518 0.00 15.42
statement on the government website. The government will maintain an Libor USD 6M 1.4316 0.04 8.64
ownership stake in the smelter of at least 10%: statement Mining Minister Libor EUR 2M -0.3686 0.00 -4.24
Dashdorj Tsedev is responsible for selecting an investor for the project, to Libor EUR 3M -0.3543 0.00 -5.31
be located in Khanbogd county, near the Oyu Tolgoi copper mine.
Anoopkumar Kayarat, an Oyu Tolgoi senior adviser, declined to
Official exchange rates - BOM Cross rates
comment on the smelter project. NOTE: Copper is Mongolias second
Official rates 3/20/17 9:36 Cross rates 3/20/17 9:36
most profitable export after coal. Mongolia exported 240,500 tons of
USD/MNT 2457.12 EUR/USD 1.0751
copper in the first two months of 2017, worth $246.3 million.
EUR/MNT 2645.09 GBP/USD 1.2385
Mongolia plans to export 40 tonnes of gold (news.mn) GBP/MNT 3033.31 USD/CHF 0.9967
Mongolia Gold 2017 Conference and Exhibition opened at the Chinggis CNY/MNT 355.72 USD/CNY 6.9034
Hotel on 17th of March. The event is being organised by the Mongolian JPY/MNT 21.68 USD/JPY 112.61
Mining Exchange in cooperation with the Ministry of Mining and Heavy
Industry, Mongolbank, BCM and HKIMA. Mongolian Bonds information
Bonds Currency Yield % Last price Daily chg%
Mongol 2018 USD 4.19 99.94 0.092%
USA Mongol 2021 USD 6.80 114.22 0.548%
World stocks touch record high, dollar decline deepens Mongol 2022 USD 6.55 93.31 0.092%
Deutsche Bank Seeks $8.6 Billion Selling Shares at 35% Discount Mongol 2024-Khuraldai bond USD 7.23 108.21 0.435%
Peoples Bank of China tightened policy hours after the Fed Mongol 2018-Dim sum bond CNY 8.43 98.88 0.417%
Europe DBM-Samurai 2023 JPY 0.97 103.46 0.072%
Germany's Merkel and Japan's Abe urge free trade with jabs at U.S TDBM-2020 bond USD 7.51 105.65 0.425%
Euro area international trade in goods deficit of 0.6 bn MMC bond USD 2,869.76 64.85 -0.116%

North Asia Commodity Trading Prices


(FDI) into the Chinese mainland grew 9.2 percent year on year to 58.6 billion yuan Commoditues Latest price Daily chg% Yearly chg%
(850 million U.S. dollars) in February 2017 Crude oil /barrel/ $48.32 -0.94 -10.05
Japanese PM Abe wants economic deal with EU soon Gold Spot /ounce/ $1,231.14 0.15 7.29
Commodity market Copper /LME/ $5,935.00 0.44 7.22
Gold prices gain slightly in Asia, all eyes on Fed Iron ore (Beijing) 590.00 0.00 31.11
Oil Falls Near $48 as U.S. Rig Gain Offsets OPEC Output Curbs Coal (Tianjin) 1,510.00 0.00 -14.20

Sources: bloomberg terminal, 1212.mn, bloombergtv.mn,


1 montsame.mn, news.mn, gogo.mn, ikon.mn
DEVELOPMENT BANK OF MONGOLIA Daily Treasury Report
Treasury Management Division 3/20/2017

Previous day's economic calendars Today's economic calendars

Event Period Forecast Actual Previous Event Time Period Estimated Previous

EC Trade Balance SA Jan 22.0b 15.7b 24.5b EC Labour Costs YoY 06:00 4Q -- 1.50%
EC Trade Balance NSA Jan -- -0.6b 28.1b US Chicago Fed Nat Activity Index 08:30 Feb 0.03 (0.05)
EC Construction Output YoY Jan -- -6.20% 3.20%
US Industrial Production MoM Feb 0.20% 0.00% -0.30%
US Capacity Utilization Feb 75.50% 75.40% 75.30%
US Leading Index Feb 0.50% 0.60% 0.60%
US Labor Market Conditions Index Change
Feb 2.50 1.30 1.30

Related information of Mongolian Bonds issued on international market (bloomberg)


Amount Price YTM Remaining
Issuer Coupon Issued Date Maturity Date
(mln USD) Bid Ask Bid Ask years (year)
Mongol 2018 500 4.125% 99.64 100.26 4.59 3.78 0.8 5-Jan-13 5-Jan-18
Mongol 2021 500 10.875% 113.72 114.60 6.92 6.69 4.0 6-Apr-16 6-Apr-21
Mongol 2022 1,000 5.125% 92.91 93.72 6.64 6.46 5.7 5-Dec-12 5-Dec-22
Mongol 2024-Khuraldai bond 580 5.750% 107.93 108.49 7.28 7.18 7.0 21-Mar-17 9-Mar-24
Mongol 2018 - Dim sum bond 1 billion CNY 7.500% 98.65 99.12 8.63 8.23 1.3 30-Jun-15 30-Jun-18
DBM - Samurai 2023 billion JPY 1.520% 103.30 103.63 1.00 0.95 6.8 16-Dec-13 25-Dec-23
TDBM - 2020 bond 500 9.375% 104.62 105.65 7.69 7.33 3.2 19-May-15 19-May-20
MMC 2017 600 8.875% 63.52 64.85 2953.45 2787.78 0.0 29-Mar-12 29-Mar-17

Last Prices of Mongolian Bonds issued on international market (Last 3 months)

Mongol 2018, Mongol 2022. Mongol 2024 - Last price DBM Samurai - Mid Line & Mid Yield to Maturity

Last Price (JPY) Mid YTM (%)


Mongol 2018 Mongol 2022 Mongol 2024 (Khuraldai bond)
105.0 1.2%
103
99.915 118
100 104.5 1.1%
115
97 93.125
104.0 1.0%
94 112
/ / / /
91 109 103.5 0.9%

88 106
107.886 103.0 0.8%
85 103

82 100 102.5 0.7%

Sources: bloomberg terminal, 1212.mn, bloombergtv.mn,


2 montsame.mn, news.mn, gogo.mn, ikon.mn
DEVELOPMENT BANK OF MONGOLIA Daily Treasury Report
Treasury Management Division 3/20/2017

Bond Holders' Information

Bond holders of Mongol 2022


Names Position % of position Latest change Fiing date Country
BLACKROCK 114,086 11.41% 10100.00 3/15/2017 United States
ALLIANCE BERNSTEIN 35,031 3.50% 1116.00 1/31/2017 United States
PRUDENTIAL FINANCIAL INC 30,120 3.01% 1105.00 1/31/2017 United States
GOLDMAN SACHS GROUP INC 28,474 2.85% 1715.00 1/31/2017 United States
FMR LLC 25,620 2.56% 200.00 1/31/2017 United States
GRANTHAM MAYO VAN OTTERLOO & CO 18,600 1.86% 0.00 5/31/2016 United States
FRANKLIN RESOURCES 18,500 1.85% (3000.00) 12/31/2016 United States
SCHRODERS PLC 17,800 1.78% (5310.00) 12/31/2016 United Kingdom
DANSKE BANK A/S 15,222 1.52% 0.00 2/28/2017 Denmark
UBS 10,791 1.08% 1790.00 2/28/2017 Switzerland
PRUDENTIAL PLC 10,500 1.05% 0.00 11/30/2016 United Kingdom
T ROWE PRICE GROUP INC 10,496 1.05% 0.00 3/31/2015 United States
LAZARD LTD 9,400 0.94% 3105.00 1/31/2017 Bermuda

Bond holders of Mongol 2018


Names Position % of position Latest change Fiing date Country
FMR LLC 35,900 7.18% 0.00 1/31/2017 United States
UBS 18,240 3.65% 7,000.00 11/30/2016 Switzerland
TCW GROUP INC 15,816 3.16% 0.00 1/31/2017 United States
PRUDENTIAL FINANCIAL INC 13,700 2.74% (2,000.00) 1/31/2017 United States
EATON VANCE CORP 9,668 1.93% 0.00 5/31/2016 United States
T ROWE PRICE GROUP INC 7,543 1.51% 0.00 3/31/2015 United States
LAZARD LTD 6,656 1.33% 6,616.00 12/31/2016 Bermuda
NORDEA BANK AB 6,095 1.22% (650.00) 1/31/2017 Sweden
SCHRODERS PLC 5,895 1.18% (435.00) 6/30/2016 United Kingdom
BLACKROCK 4,695 0.94% 0.00 11/30/2016 United States
AXA 4,400 0.88% 4,400.00 6/30/2016 France
PRUDENTIAL PLC 4,245 0.85% 500.00 11/30/2016 United Kingdom
HSBC 4,200 0.84% 0.00 11/30/2016 United Kingdom
BANK DEGROOF SA 4,000 0.80% 0.00 1/31/2017 Belgium

Bond holders of Mongol 2024


Names Position % of position Latest change Fiing date Country
UBS 300 0.05% 0.00 3/13/2017 Switzerland

This presentation has been prepared solely for informational purposes only and its not to be construed as a solicitation or any offer to buy or sell securities, commodities,
or related financial instruments.

Contact us:ALTMD-TMD, Tel:+976-7585 7070/ext: 310/

Sources: bloomberg terminal, 1212.mn, bloombergtv.mn,


3 montsame.mn, news.mn, gogo.mn, ikon.mn

También podría gustarte