DEVELOPMENT BANK OF MONGOLIA Daily Treasury Report

Treasury Management Division 5/9/2017

News Highlights Mongolian Economic Main Indicators
Mongolia Indicators Unit 2016.03 2017.03 Year/chg %
Meng Jianzhu meets Mongolia Minister of Justice and Internal Affairs Money Supply (M2) bln.MNT 10,112.40 12,177.70 20%
Byambatsogt in Beijing (bloomberg) Inflation /Year to date/ % 1.20% 2.10% 75.0%
Equilibrated overall bal of
Meng Jianzhu, head of the Commission for Political and Legal Affairs of bln.MNT (615.70) (255.10) -59%
budget
the Communist Party of China (CPC) Central Committee, meets with Trade balance mln.USD 359.90 523.70 45.5%
Mongolia Minister of Justice and Internal Affairs Byambatsogt in Export /accumulated/ mln.USD 958.90 1,299.90 36%
Beijing, capital of China, May 8, 2017. (Xinhua/Zhang Duo) Import /accumulated/ mln.USD 599.10 776.20 30%
OVER THOUSAND CONSTRUCTION PRODUCTS PRESENTED AT
BARILGA EXPO 2017 (montsame.mn) Policy rates
Ulaanbaatar /MONTSAME/ With an aim to promote advanced Central Banks interest rates Latest % Previous % Updated date
technologies of construction sector and encourage material producers, an Policy rate of Mongolbank /BOM/14.00 15.00 12/19/2016
international trade fair Barilga Expo 2017 took place at Misheel Expo PBC base interest rate (China) 4.35 4.60 10/24/2015
between May 5 and 7. More than 7 hundred entities are currently engaged FED - Federal Funds Rate 1.00 0.75 3/14/2017
in the domestic industry of construction materials, which is valued at ECB - main refinancing rate 0.00 0.05 3/16/2016
around MNT 1 trillion. And around 80 leading companies such as Top BOE official bank rate (England)0.25 0.50 8/4/2016
window, MT and MMS have participated and presented more than
thousand products such as tar paper and insulation materials at the expo.
Bank of Mongolia - Interest corridor
One of the highlights was the insulation materials of Shunyada LLC
Indicators Latest % Previous % Updated date
where theyre giving 50 years of guarantee on their products.
Overnight repo 17.00 18.00 12/19/2016
Mongolian Peoples Revolutionary Party names N.Enkhbayar its Overnight deposit 13.00 14.00 12/19/2016
presidential candidate (theubpost.mn) Repo 16.00 17.00 12/19/2016
On May 5, during the Mongolian Peoples Revolutionary Partys
(MPRP) conference to nominate its presidential candidate, conference Money market interest rates
delegates unanimously voted for former president N.Enkhbayar to Indicators Rates % Daily chg % Yearly chg %
represent the party in the presidential election. Former Deputy Prime Libor USD 2M 1.0600 -0.03 29.36
Minister Ts.Oyunbaatar, former Minister of Health N.Udval, and Libor USD 3M 1.1804 0.09 18.29
representatives of civic movements held a press conference on Friday to Libor USD 6M 1.4327 -0.23 8.73
discuss the MPRPs candidate selection. They stated that the MPRP will Libor EUR 2M -0.3814 0.00 -7.88
submit all documents required for N.Enkhbayars candidacy to the Libor EUR 3M -0.3629 -0.20 -7.86
Mongolian General Election Commission (MGEC) to register him as a
qualified candidate. During the press conference, a journalist asked the
Official exchange rates - BOM Cross rates
MPRP representatives if the party would nomine another candidate if the
Official rates Cross rates 5/9/17 8:56
MGEC denied N.Enkhbayars registration.
USD/MNT 2414.25 EUR/USD 1.0924
Kh.Naranjargal raises concerns about media censorship in Mongolia EUR/MNT 2645.29 GBP/USD 1.2942
(theubpost.mn) GBP/MNT 3134.42 USD/CHF 0.9985
Millions of people across the globe observe World Press Freedom Day on CNY/MNT 349.70 USD/CNY 6.9045
May 3 each year, to raise awareness about the importance of the freedom JPY/MNT 21.45 USD/JPY 113.32
of the press, to remind governments of their duty to respect and uphold
the right to freedom of expression and to evaluate press freedom Mongolian Bonds information
worldwide. Bonds Currency Yield % Last price Daily chg%
Mongol 2018 USD 4.00 100.08 0.04%
USA Mongol 2021 USD 5.91 117.06 0.40%
U.S. Stocks Mixed, Dollar Gains After French Vote: Markets Wrap Mongol 2022 USD 5.87 96.49 0.37%
Trump review of Wall Street rules to be done in stages: sources Mongol 2024-Khuraldai bond
USD 6.51 112.20 0.40%
US labour market continues to improve but a jobs deficit remains Mongol 2018-Dim sum bond
CNY 8.01 99.44 0.00%
Europe DBM-Samurai 2023 JPY 0.92 103.74 0.01%
Macron wins French vote, to sighs of relief in Europe TDBM-2020 bond USD 6.06 109.43 0.31%
Russia: Extension Of OPEC Deal Would Speed Up Market Rebalancing MMC bond USD 13.72 #N/A N/A 0.00%
China's April forex reserves rise, beating market expectations
North Asia Commodity Trading Prices
Japan real wages growth slowest in nearly two years, to chill spending Commodities Latest price Daily chg% Yearly chg%
Chinese Trade Balance at a wider than expected surplus of CNY 262.3bln vs. Ecp. Crude oil /WTI-New York/ $46.61 0.39 -13.24
CNY 197.2bln, while Exports & Imports miss = AUD unfazed Gold Spot /ounce/ $1,226.80 0.05 6.91
Commodity market Copper /LME/ $5,486.00 -1.77 -0.89
Oil prices rise on expectation of output cut extension Iron ore /Beijing/ 500.00 0.00 11.11
OPEC, Non-OPEC Producers Are Considering Extending Supply Cut For 9- Coal /Tianjin/ 1,630.00 -1.21 -7.39
Months Or More
Sources: bloomberg terminal, 1212.mn, theubpost.mn,
1 montsame.mn, news.mn, gogo.mn
DEVELOPMENT BANK OF MONGOLIA Daily Treasury Report
Treasury Management Division 5/9/2017
Previous day's economic calendars Today's economic calendars

Event Period Forecast Actual Previous Event Time Period Estimated Previous

BoP Current Account Balance 1Q P -- $19.0b $11.8b NFIB Small Business Optimism05/09/2017 06:00 Apr 104.00 104.70
Sentix Investor Confidence May 25.20 27.40 23.90 JOLTS Job Openings 05/09/2017 10:00 Mar 5,725.00 5,743.00
Apr
Labor Market Conditions Index Change 1.00 3.50 0.40 Wholesale Inventories MoM 05/09/2017 10:00 Mar F -0.10% -0.10%
Labor Cash Earnings YoY Mar 0.50% -0.40% 0.40% Wholesale Trade Sales MoM 05/09/2017 10:00 Mar -- 0.60%
Real Cash Earnings YoY Mar -- -0.80% 0.00% Official Reserve Assets 05/09/2017 19:50 Apr -- $1230.3b
Foreign Direct Investment YoY CNY Apr -- -- 6.70% CPI YoY 05/09/2017 21:30 Apr 1.10% 0.90%
PPI YoY 05/09/2017 21:30 Apr 6.70% 7.60%

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% 99.82 100.34 4.41 3.59 0.7 5-Jan-13 5-Jan-18
Mongol 2021 500 10.875% 116.74 117.37 6.00 5.83 3.9 6-Apr-16 6-Apr-21
Mongol 2022 1,000 5.125% 96.13 96.86 5.95 5.79 5.6 5-Dec-12 5-Dec-22
Mongol 2024-Khuraldai bond 600 8.750% 111.85 112.54 6.57 6.45 6.8 9-Mar-17 9-Mar-24
Mongol 2018 - Dim sum bond 1 billion CNY 7.500% 99.13 99.76 8.30 7.72 1.1 30-Jun-15 30-Jun-18
DBM - Samurai 2023 30 billion JPY 1.520% 103.58 103.91 0.95 0.90 6.6 16-Dec-13 25-Dec-23
TDBM - 2020 bond 500 9.375% 108.64 109.43 6.20 5.92 3.0 19-May-15 19-May-20
MMC 2017 600 8.875% 64.13 65.22 13.84 13.61 -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%
100.106 103.9
1.0%
96.573 115
97 103.7 1.0%
112
103.743 1.0%
94 103.5 1.0%
/Year to date/
111.812 109 0.9%
91 103.3
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 5/9/2017

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 3/31/2017 United States
UBS 17,840 3.57% (400.00) 1/31/2017 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% 0.00 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% 0.00 3/31/2017 Sweden
ABERDEEN 5,315 1.06% 4,004.00 3/31/2017 United Kingdom
AXA 4,400 0.88% 4,400.00 6/30/2016 France
BLACKROCK 4,045 0.81% (650.00) 1/31/2017 United States
SCHRODER INV MGMT TAIWAN LTD 3,766 0.75% (19.00) 2/28/2017 Taiwan
PRUDENTIAL PLC 3,700 0.74% (300.00) 3/31/2017 United Kingdom
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 90,428 9.04% (19284.00) 5/5/2017 United States
ALLIANCE BERNSTEIN 36,490 3.65% 2323.00 3/31/2017 United States
PRUDENTIAL FINANCIAL INC 30,120 3.01% 1505.00 3/31/2017 United States
FMR LLC 25,620 2.56% 0.00 3/31/2017 United States
GOLDMAN SACHS GROUP INC 21,334 2.13% (7140.00) 3/31/2017 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 3/31/2017 United Kingdom
T ROWE PRICE GROUP INC 10,496 1.05% 0.00 3/31/2015 United States
FRANKLIN RESOURCES 9,400 0.94% (12100.00) 3/31/2017 United States
LAZARD LTD 8,985 0.90% (415.00) 3/31/2017 Bermuda
UBS 8,863 0.89% (1158.00) 3/31/2017 Switzerland
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
SUN LIFE FINANCIAL INC 8,956 1.49% 39,830.00 3/31/2017 Canada
SEI INVESTMENTS CO 1,772 0.66% 8,956.00 4/30/2017 United States
SYDINVEST INTERNATIONAL 3,301 0.55% 1,772.00 3/31/2017 Denmark
BLACKROCK 2,945 0.54% 3,301.00 5/5/2017 United States
NORDEA BANK AB 2,805 0.47% 2,945.00 3/31/2017 Sweden
DEUTSCHE BANK AG 2,600 0.43% 2,805.00 3/31/2017 Germany
LANDESBANK BERLIN INVESTMENT GMB - 0.25% 2,600.00 4/28/2017 Germany

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