DEVELOPMENT BANK OF MONGOLIA Daily Treasury Report

Treasury Management Division 4/27/2017

News Highlights Mongolian Economic Main Indicators

Mongolia Indicators Unit 2016.03 2017.03 Year/chg %
World Bank scholarships program for master degree in various Money Supply (M2) bln.MNT 10,112.40 12,177.70 20%
countries (theubpost.mn) Inflation /Year to date/ % 1.20% 2.10% 75.0%
Scholarships on different fields of various universities in master degree Equilibrated overall bal of budget bln.MNT (615.70) (255.10) -59%
program is available now. Both women and men from developing Trade balance mln.USD 359.90 523.70 45.5%
countries can apply for this program in a development-related topic. Export /accumulated/ mln.USD 958.90 1,299.90 36%
Topic: development, including economic policy management, tax policy, Import /accumulated/ mln.USD 599.10 776.20 30%
and infrastructure management.
Scholarship award: tuition, a monthly living stipend, round-trip airfare, Policy rates
health insurance, and travel allowance. Central Banks interest rates Latest % Previous % Updated date
Important information: Policy rate of Mongolbank /BOM/14.00 15.00 12/19/2016
You are highly recommended to read information posted on this PBC base interest rate (China) 4.35 4.60 10/24/2015
website and review eligibility criteria carefully. FED - Federal Funds Rate 1.00 0.75 3/14/2017
You are not holding dual citizenship ECB - main refinancing rate 0.00 0.05 3/16/2016
You are from one of the developing country of World Bank BOE official bank rate (England) 0.25 0.50 8/4/2016
You have good health and academic background
Not be an Executive Director, his/her alternate, and/or staff of all types
of appointments of the World Bank Group or a close relative of the Bank of Mongolia - Interest corridor
aforementioned by blood or adoption with the term close relative Indicators Latest % Previous % Updated date
defined as: Mother, Father, Sister, Half-sister, Brother, Half-brother, Son, Overnight repo 17.00 18.00 12/19/2016
Daughter, Aunt, Uncle, Niece, or Nephew; Overnight deposit 13.00 14.00 12/19/2016
Repo 16.00 17.00 12/19/2016
South Korea-Mongolia consular affairs consultative meeting takes place
(theubpost.mn) Money market interest rates
The ninth consultative meeting of the foreign affairs ministries of Indicators Rates % Daily chg % Yearly chg %
Mongolia and South Korea was held on April 24, in Ulaanbaatar, to Libor USD 2M 1.0406 -0.53 26.98
discuss consular affairs cooperation between the two countries. The Libor USD 3M 1.1704 0.33 17.29
meetings delegations were led by Director of the Consular Department of Libor USD 6M 1.4236 0.20 8.04
the Mongolian Ministry of Foreign Affairs Ya.Ariunbold and Libor EUR 2M -0.3743 -0.58 -5.86
Ambassador for Overseas Koreans and Consular Affairs Han Dong-man. Libor EUR 3M -0.3614 -0.80 -7.43
Representatives from the Mongolian Ministry of Justice and Internal
Affairs, Ministry of Labor and Social Protection, General Prosecutors
Official exchange rates - BOM Cross rates
Office, Mongolian Immigration Agency, National Policy Agency of
Official rates Cross rates 4/27/17 9:07
Mongolia, General Authority for Border Protection and Medical and
USD/MNT 2420.51 EUR/USD 1.0906
Social Insurance General Office participated in the meeting.
EUR/MNT 2641.62 GBP/USD 1.2845
Mongolia Has $16.5m FDI in Mar., Ytd Inflow of $15.9m (bloomberg) GBP/MNT 3101.52 USD/CHF 0.9938
(Bloomberg) -- Mongolia had $16.5m of FDI outflow in the month of CNY/MNT 351.31 USD/CNY 6.8926
Mar. compared to $62.7m of inflow in the same month a year ago, JPY/MNT 21.76 USD/JPY 111.39
according to preliminary data from the central bank. Ytd FDI inflow of
$15.9m compared to $169.4m in the same period a year ago Current- Mongolian Bonds information
account surplus was $21m at end Mar., compared to deficit of $66.3m in Bonds Currency Yield % Last price Daily chg%
the same period a year ago Mongol 2018 USD 4.06 100.04 -0.03%
USA Mongol 2021 USD 6.06 116.60 0.21%
Trump's Tax Plan Pitches Rate Cuts for All With Scant Detail Mongol 2022 USD 6.00 95.93 0.66%
U.S. Pushes Sanctions, Diplomacy as North Korea Threat Grows Mongol 2024-Khuraldai bond
USD 6.68 111.23 0.32%
U.S. says strategy on North Korea centers on sanctions, open to talks Mongol 2018-Dim sum bond
CNY 8.11 99.32 0.00%
Europe DBM-Samurai 2023 JPY 0.92 103.79 0.01%
Credit Suisse to Raise $4 Billion as Swiss IPO Plans Dropped TDBM-2020 bond USD 6.43 108.39 0.11%
Putin's Ruble Talk Leaves Goldman, BofA Wondering What He Meant MMC bond USD 13.78 #N/A N/A 0.06%
France Is More Panic-Off for Bonds, Risk-On for Equities: Gadfly
North Asia Commodity Trading Prices
South Koreas Economy Rebounds as Exports, Investment Improve Commodities Latest price Daily chg% Yearly chg%
Asian shares retreat from highs after Trump tax plan Crude oil /WTI-New York/ $49.37 -0.50 -8.10
Dollar eases from highs on Trump tax plan disappointment Gold Spot /ounce/ $1,266.60 -0.21 10.38
Commodity market Copper /LME/ $5,715.00 0.16 3.24
Goldman Stays Long on Commodities; Sees Lower Volatility Iron ore /Beijing/ 510.00 0.00 13.33
VTB Capital Plans to Hire 5 Metals Traders in Hong Kong: Reuters Coal /Tianjin/ 1,650.00 -0.60 -6.25
Industrial Commodity Prices to Rise in 2017: World Bank

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

1 montsame.mn, news.mn, gogo.mn
DEVELOPMENT BANK OF MONGOLIA Daily Treasury Report
Treasury Management Division 4/27/2017

Previous day's economic calendars Today's economic calendars

Event Period Forecast Actual Previous Event Time Period Estimated Previous

All Industry Activity Index MoM Feb 0.60% 0.70% 0.10% Industrial Confidence 04/27/2017 05:00 Apr 1.30 1.20
Small Business Confidence Apr 49.40 48.60 50.50 Consumer Confidence 04/27/2017 05:00 Apr F (3.60) (3.60)
Machine Tool Orders YoY Mar F -- 22.80% 22.60% Durable Goods Orders 04/27/2017 08:30 Mar P 1.30% 1.80%
MBA Mortgage Applications 21-Apr -- 2.70% -1.80% Initial Jobless Claims 04/27/2017 08:30 22-Apr 245k 244k
Industrial Profits YoY Mar -- -- 2.30% Continuing Claims 04/27/2017 08:30 15-Apr 2007k 1979k
BOJ Policy Balance Rate 27-Apr -0.10% -- -0.10% Pending Home Sales MoM 04/27/2017 10:00 Mar -1.00% 5.50%
BOJ 10-Yr Yield Target 27-Apr 0.00% -- 0.00% Jobless Rate 04/27/2017 19:30 Mar 2.90% 2.80%
Overall Household Spending YoY
04/27/2017 19:30 Mar -0.50% -3.80%
Natl CPI YoY 04/27/2017 19:30 Mar 0.30% 0.30%

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% 99.81 100.26 4.40 3.72 0.7 5-Jan-13 5-Jan-18
Mongol 2021 500 10.875% 116.26 116.94 6.15 5.97 3.9 6-Apr-16 6-Apr-21
Mongol 2022 1,000 5.125% 95.54 96.25 6.08 5.92 5.6 5-Dec-12 5-Dec-22
Mongol 2024-Khuraldai bond 600 8.750% 110.89 111.58 6.74 6.62 6.9 9-Mar-17 9-Mar-24
Mongol 2018 - Dim sum bond 1 billion CNY 7.500% 99.03 99.61 8.37 7.84 1.2 30-Jun-15 30-Jun-18
DBM - Samurai 2023 30 billion JPY 1.520% 103.63 103.95 0.94 0.89 6.7 16-Dec-13 25-Dec-23
TDBM - 2020 bond 500 9.375% 107.68 108.39 6.55 6.31 3.1 19-May-15 19-May-20
MMC 2017 600 8.875% 63.92 64.89 13.88 13.68 -0.1 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

Mongol 2018 Mongol 2022 Mongol 2024 (Khuraldai bond)

Last Price (JPY) Mid Line (%)
104.1 1.1%
100 118 1.1%
103.9
100.050 1.0%
115
97 95.816 1.0%
103.7 103.787
112 1.0%
94 103.5 1.0%
/Year to date/ 109 0.9%
91 111.187 103.3
106
0.9%
103.1 0.894% 0.9%
88 /Year to date/
103 0.8%
102.9 0.8%
85 100

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

2 montsame.mn, news.mn, gogo.mn
DEVELOPMENT BANK OF MONGOLIA Daily Treasury Report
Treasury Management Division 4/27/2017

Bond Holders' Information /Top Holders/

Bond holders of Mongol 2018

Names Position % of position Latest change Fiing date Country
FMR LLC 35,900 7.18% 0.00 2/28/2017 United States
UBS 18,240 3.65% 0.00 12/30/2016 Switzerland
TCW GROUP INC 15,816 3.16% 0.00 3/31/2017 United States
PRUDENTIAL FINANCIAL INC 13,700 2.74% (2,000.00) 3/31/2017 United States
EATON VANCE CORP 9,668 1.93% 0.00 5/31/2016 United States
LAZARD LTD 9,320 1.86% 2,664.00 3/31/2017 Bermuda
T ROWE PRICE GROUP INC 7,543 1.51% 0.00 3/31/2015 United States
NORDEA BANK AB 5,895 1.18% (200.00) 2/28/2017 Sweden
ABERDEEN 5,315 1.06% 4,004.00 3/31/2017 United Kingdom
BLACKROCK 4,695 0.94% 0.00 12/31/2016 United States
AXA 4,400 0.88% 4,400.00 6/30/2016 France
PRUDENTIAL PLC 4,000 0.80% (245.00) 2/28/2017 United Kingdom
SCHRODER INV MGMT TAIWAN LTD 3,766 0.75% (19.00) 2/28/2017 Taiwan
MEDIOLANUM INTERNATIONAL FUNDS 3,134 0.63% 0.00 6/30/2016 Ireland

Bond holders of Mongol 2022

Names Position % of position Latest change Fiing date Country
BLACKROCK 91,686 9.17% (19126.00) 4/25/2017 United States
ALLIANCE BERNSTEIN 36,490 3.65% 2323.00 2/28/2017 United States
PRUDENTIAL FINANCIAL INC 30,120 3.01% 1305.00 3/31/2017 United States
FMR LLC 25,620 2.56% 0.00 2/28/2017 United States
GOLDMAN SACHS GROUP INC 24,114 2.41% (2645.00) 2/28/2017 United States
GRANTHAM MAYO VAN OTTERLOO & CO 17,100 1.71% (1500.00) 11/30/2016 United States
DANSKE BANK A/S 15,222 1.52% 0.00 3/31/2017 Denmark
PRUDENTIAL PLC 10,500 1.05% 0.00 2/28/2017 United Kingdom
T ROWE PRICE GROUP INC 10,496 1.05% 0.00 3/31/2015 United States
UBS 9,681 0.97% (1110.00) 3/31/2017 Switzerland
FRANKLIN RESOURCES 9,400 0.94% (12100.00) 3/31/2017 United States
LAZARD LTD 8,955 0.90% (445.00) 3/31/2017 Bermuda
NN GROUP NV 7,420 0.74% 0.00 3/31/2016 Netherlands

Bond holders of Mongol 2024

Names Position % of position Latest change Fiing date Country
SEI INVESTMENTS CO 3,642 0.61% 39,830.00 3/31/2017 United States
SYDINVEST INTERNATIONAL 3,301 0.55% 3,642.00 3/31/2017 Denmark
BLACKROCK 2,945 0.54% 3,301.00 4/25/2017 United States
LANDESBANK BERLIN INVESTMENT GMB 1,500 0.25% 2,945.00 3/31/2017 Germany
AMERIPRISE FIN GRP 700 0.12% 1,500.00 3/31/2017 United States
UBS 300 0.10% 700.00 4/24/2017 Switzerland
CREDIT SUISSE GROUP AG 600 0.10% 300.00 3/31/2017 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, theubpost.mn,

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