KhanLex assists WorldBusiness Capital with its USD 15.0 million loan to Golomt Bank

KhanLex assisted US-based WorldBusiness Capital, Inc. (WBC) with the final disbursement of its USD15.0 million loan to Golomt Bank, one of Mongolia’s largest commercial banks. The disbursement will provide a funding source for Golomt to support its lending to SMEs throughout Mongolia, primarily businesses in the agribusiness sector. WBC’s loan is supported by the U.S. […]

KhanLex pick up mandate on Khan Bank IPO

KhanLex Partners have picked up a mandate to advise Khan Bank of Mongolia on IPO. Appointment of KhanLex as IPO counsel has followed enactment by the Mongolian legislature of new banking regulations earlier in 2021. In particular, under these regulations the so-called “systemic banks” of Mongolia – such as Khan Bank – must become publicly-traded […]

KhanLex advises EBRD on a MNT 10.0 billion loan facility to a Mongolian micro lender

KhanLex advised European Bank for Reconstruction and Development on its up to MNT 10,0 billion (€2.9 million equivalent) loan facility to Mongolia’s leading micro lender – Transcapital NBFI LLC. Transcapital, one of the first and largest microfinance institutions in the country, has been an EBRD client since 2013. The loan is one of the several […]

Proposed Amendments to the Banking Law of Mongolia May Kick-start Landmark Reforms

In August 2020 a bill proposing amendments to the 2010 Banking Act of Mongolia has been presented to the Parliament of Mongolia. If adopted, the amendments would introduce some sweeping reforms not only to the banking industry, but also to the Mongolia’s capital markets. Our summary highlights some of the key features of the proposed […]

KhanLex advises “Frankfurt School Financial Services” Gmbh on a USD 4.8 million Senior Loan Facility to the Largest Commercial Bank of Mongolia

KhanLex has advised “Frankfurt School Financial Services” Gmbh, an asset management firm for development projects, on its USD 4.8 million loan to KhanBank LLC, Mongolia’s largest commercial bank. The loan will support expansion of KhanBank’s financing to private micro, small and medium-sized enterprises across Mongolia.The loan also blends USD 20.0 million of BlueOrchard, a leading […]

KhanLex advises U.S. International Development Finance Corporation on a USD 5.0 million senior loan facility to a Mongolian cashmere producer

KhanLex advised the U.S. International Development Finance Corporation (DFC) on its 5.0 million senior loan facility to Goyol Cashmere LLC, a fast-growing cashmere producer of Mongolia. The loan will help Goyol Cashmere LLC to construct a new factory and to purchase additional equipment in order to expand its production. Parts of the loan proceeds will […]