29 Dec MDS & KhanLex advises EBRD on a USD 12 million senior loan facility to Mongolian retailer (Dec 2014)
MDS & KhanLex advised European Bank for Reconstruction and Development on its USD 12 million senior loan facility to Nomintav Trade LLC.
Nomintav Trade is one of Mongolia’s leading retailers for fast-moving consumer goods, apparel and consumer electronics. It is also a subsidiary of Nomin Group, one of the largest and successful Mongolian conglomerates with diversified businesses in retail, trading, manufacturing, construction and financial services.
The EBRD senior loan will help Nomintav Trade to fulfill its long-term expansion plan into the Mongolian regions, which will see the company open six wholesale and retail stores in the capital, Ulaanbaatar, and in the regions.
“We’re happy to continue advising EBRD, the largest financial investor in Mongolia, in its private sector operations in Mongolia” said Commercial partner Enkhbat B. who led on this deal. “We’re also pleased to have been able to support Nomintav Trade and its parent Nomin Holding, a very large and dynamic Mongolian conglomerate, on this transaction which will further strengthen its position in the Mongolian retail market in urban as well as in regional areas.” Partner Enkhbat B. led the MDS & KhanLex team, which included associate Uchralbayar I..