KhanLex advises KT on divestment in Mongolia
KhanLex advised Republic of Korea’s KT Corp, a telecom company, on divestment of its stake in Mongolia Telecom Company. The shares of KT, which KT had first acquired in 1995 and constituted 40 percent in Mongolia Telecom Company, have been successfully sold to the Government of Mongolia. Mongolia Telecom Company is Mongolia’s incumbent fixed line […]
KhanLex advises European Bank for Reconstruction and Development on a US$ 4 million loan facility to the largest financial leasing company of Mongolia
KhanLex advised European Bank for Reconstruction and Development on its MNT-denominated loan tugrik – equivalent to US$ 3 million – to XacLeasing LLC. The loan will allow XacLeasing to on-lend these funds to SMEs for investments in machinery, commercial vehicles and medical appliances. The financing which is denominated in MNT will also help reduce foreign […]
KhanLex advises European Bank for Reconstruction and Development on a US$ 40 million syndicated loan to Xac Bank of Mongolia
KhanLex advised European Bank for Reconstruction and Development on its US$ 40 million loan to XacBank LLC. The loan will support XacBank to provide much-needed finance to private micro, small and medium-sized enterprises across Mongolia. The loan is syndicated and is split between US$ 10 million A loan provided by EBRD from its own account […]
KhanLex advises European Bank for Reconstruction and Development on a USD 16 million senior loan facility to Mongolia’s Gobi Cashmere
KhanLex advised its long-standing client, European Bank for Reconstruction and Development, on a USD 16 million senior loan facility to Gobi Cashmere. The EBRD loan of USD 16 million will finance Gobi Cashmere’s expansion of retail and production. In particular, the EBRD financing will support the opening of a new flagship store of Gobi Cashmere […]
KhanLex Advises on an award-winning wind deal
A deal advised by KhanLex has been awarded “Asia Pacific Wind Deal of 2016” at the IJ Global Awards ceremony held in Singapore on 9 March 2017. KhanLex advised Clean Energy Asia and its two sponsors – Newcom and Softbank Group – on the development and financing for the construction of the 50MW Tsetsii Wind […]
KhanLex advises Incofin on Master Loan Agreement with Mongolia’s Khan Bank
KhanLex advised Commerzbank (Commerzbank Aktiengesellschaf) on a Master Loan Agreement with Khan Bank. The Agreement’s objective is to support trade financing needs of Mongolian borrowers. The KhanLex team who advised on this deal was led by Enkhbat Batsukh, Partner. Enkhbat was assisted by senior associate Uchralbayar Iderkhangai on this transaction. N.B.: Enkhbat Batsukh led the […]
KhanLex advises Clean Energy Asia LLC on financing of Tsetsii Wind Farm
Clean Energy Asia LLC together with its shareholders, Newcom LLC and SB Energy Corp., signed with the Japan International Cooperation Agency (hereafter “JICA”) and the European Bank for Reconstruction and Development (hereafter “EBRD”) financing agreements to construct a 50MW wind farm in southern Mongolia.This wind farm project is the first dollar-denominated project finance debt transaction […]
KhanLex advises European Bank for Reconstruction and Development on a USD 800,000 senior loan facility to Mongolian waste management company
KhanLex advised European Bank for Reconstruction and Development on its USD 800,000 senior loan facility to Eco Orchin LLC. This loan of USD 800,000 and denominated and disbursed in MNT will help Eco Orchin to finance expansion of its fleet and increase its working capital. EBRD provides this loan under its Direct Financing Framework SME […]
KhanLex advises European Bank for Reconstruction and Development on a USD 6 million senior loan facility to Mongolian retailer
KhanLex advised European Bank for Reconstruction and Development on its senior debt facility to Khanburgedei LLC. The facility will consist of (i) a USD 6 million loan to refinance Khanburgedei’s existing debt from a local commercial bank in Mongolia and (ii) a local currency-denominated loan equivalent of USD 1.5 million for working capital needs of […]
KhanLex advises Overseas Private Investment Corporation on financing of KFC and Pizza Hut franchise in Mongolia
KhanLex advised Overseas Private Investment Corporation on its USD $7.25 million loan facility to Tavan Bogd Foods LLC and its subsidiary Tavan Bogd Foods Pizza LLC. The loan will finance the borrowers’ establishment, construction, and start-up operation of KFC and Pizza Hut restaurants in Ulaanbaatar, Mongolia under franchise agreements. The US sponsor is significant U.S. […]
