ACTIVITY TITLE
VERSION 2.01
Khan Bank green bond
Reported by
European Bank for Reconstruction and Development XI-IATI-EBRD Multilateral
ACTIVITY SCOPE COLLABORATION TYPE AID TYPE FINANCE TYPE FLOW TYPE TIED STATUS HIERARCHY
National 4 Multilateral outflows 4
Project-type interventions C01
Untied 1
IATI IDENTIFIER
XI-IATI-EBRD-54857
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DOCUMENTS ( 4 )
Project Summary Document - Transition Impact Environmental Social Summary TEXT/HTML EN Pre- and post-project impact appraisal Project Summary Document TEXT/HTML EN Objectives / Purpose of activity Country Strategy TEXT/HTML EN Memorandum of understanding (If agreed by all parties) Procurement/Tenders TEXT/HTML EN Tender
Planned start date 2024-10-09
Planned end date 2027-10-18
Actual start date 2024-10-09
activity status: Implementation
The activity is currently being implemented
WHO'S INVOLVED ( 2 )
PARTICIPATING ORG REFERENCE ROLE TYPE
European Bank for Reconstruction and Development
 Funding Multilateral
KHAN BANK JSC
 Implementing Private Sector
General
The EBRD has invested US$ 12.5 million in green bond issuance by Khan Bank (KB) with a 3-year tenor. The bond is issued under KB's existing Green Bond Framework and in line with the International Capital Market Association's Green Bond Principles (ICMA GBP). The issuance will benefit from a Second Party Opinion from Sustainable Fitch, confirming its compliance with the ICMA GBP. This investment is the first green bond of a local commercial bank to be listed on the Mongolian Stock Exchange and the first EBRD's investment in a green bond issuance in Mongolia. The Project will help KB grow its green portfolio and diversify its funding sources in the face of global market volatility. The proceeds of the investment will be used to finance eligible green subprojects in accordance with KB`s Green Bond Framework, aligned with the ICMA GBP and deemed satisfactory to the EBRD, that support renewable energy, energy efficiency, green buildings, and clean transport in the country.
recipient country ( 1 )
MongoliaMN
100
LOCATION ( 1 )
NAME DESCRIPTION POSITION CLASS REACH EXACTNESS
MONGOLIA
ID 2029969 (Geonames)
46 105 Administrative Region Approximate
country budget items ( 1 )
IATI Withdrawn ( 1 )
The budget identifier reported uses IATI budget identifier categories
7.1.1
100
sector ( 1 )
OECD DAC CRS 5 digit1( 1 )
The sector reported corresponds to an OECD DAC CRS 5-digit purpose code http://reference.iatistandard.org/codelists/Sector/
Formal sector financial intermediaries24030
100
GLOSSARY
Formal sector financial intermediariesAll formal sector financial intermediaries; credit lines; insurance, leasing, venture capital, etc. (except when focused on only one sector).
Financial Overview
Outgoing Commitment ( 1 )
Outgoing Commitment
Transactions ( 1 )
Outgoing Commitment ( 1 )
DATE DESCRIPTION PROVIDER RECEIVER VALUE
2024-10-09
FLOW Other flows 50
FINANCE Investment-related loan to developing countries Withdrawn 411
KHAN BANK JSC
 12,019,808.64
EUR
Outgoing Commitment
General Enquiries
European Bank for Reconstruction and Development
+44 20 7338 7380
projectenquiries@ebrd.com
www.ebrd.com
5 Bank Street, London E14 4BG
conditions( 1 )
NARRATIVE TYPE DESCRIPTION
The EBRD has invested US$ 12.5 million in green bond issuance by Khan Bank (KB) with a 3-year tenor. The bond is issued under KB's existing Green Bond Framework and in line with the International Capital Market Association's Green Bond Principles (ICMA GBP). The issuance will benefit from a Second Party Opinion from Sustainable Fitch, confirming its compliance with the ICMA GBP. This investment is the first green bond of a local commercial bank to be listed on the Mongolian Stock Exchange and the first EBRD's investment in a green bond issuance in Mongolia. The Project will help KB grow its green portfolio and diversify its funding sources in the face of global market volatility. The proceeds of the investment will be used to finance eligible green subprojects in accordance with KB`s Green Bond Framework, aligned with the ICMA GBP and deemed satisfactory to the EBRD, that support renewable energy, energy efficiency, green buildings, and clean transport in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54857
 Performance The condition attached requires certain outputs or outcomes to be achieved by the recipient