| Project Detail |
Location:
Mongolia
Project number:
55110
Business sector:
Manufacturing and Services
Notice type:
Private
Approval date:
29 May 2024
Status:
Exploratory
PSD disclosed:
23 Apr 2024
Project Description
Provision of a senior secured loan of USD 15 million to Tavan Bogd LLC (the "Company" or the "Client"). The proceeds of the loan will finance the construction and completion of the Companys new automotive service centre, showroom, and headquarters office building in Mongolia, allowing the Company to support its automotive retail operation and improve its operational efficiency.
Project Objectives
The Project is in line with the EBRD country strategy for Mongolia which priorities include enhancing Mongolias resilience through a stronger, more diversified and stable private sector. |
