Mongolian Mortgage Corporation HFC’s $250 Million Bond Offering

Mayer Brown represented Mongolian Mortgage Corporation HFC LLC, the only finance company licensed to issue asset-backed securities and the sole RMBS issuer in Mongolia, on its debut US$250 million unsecured bond offering and subsequent tap issuance for an additional US$50 million.

The issuer plans to use at least 90 percent of the net proceeds from the offering to purchase mortgages with recourse and the remaining portion for general corporate purchases.

Mayer Brown has advised on a number of transactions for Mongolian issuers and the Mongolian government, and has won a number of awards in connection with those deals.

The Mayer Brown team was led by Corporate & Securities partner Jason T. Elder (Picture) and included: Corporate & Securities – partner Thomas Kollar, counsel Leslie Cruz (Washington), foreign registered lawyers Karen Chong and Joo Park (both Hong Kong), associate Thomas De Gregoris (Chicago), corporate finance officer Sean Su (Hong Kong), and Tax Transaction & Consulting – partners Jason Bazar and Jared Goldberger, and associate Brennan Young (all New York).

Involved fees earner: Jason Bazar – Mayer & Brown; Karen Chong – Mayer & Brown; Leslie Cruz – Mayer & Brown; Thomas De Gregoris – Mayer & Brown; Jason Elder – Mayer & Brown; Jared Goldberger – Mayer & Brown; Thomas Kollar – Mayer & Brown; Joo Park – Mayer & Brown; Sean Su – Mayer & Brown; Brennan Young – Mayer & Brown;

Law Firms: Mayer & Brown;

Clients: Mongolian Mortgage Corporation;

Author: Ambrogio Visconti