Mongolian Lender Bogd FT Targets New York Stock Exchange Debut

The offering includes approximately 6.3 million units, with D. Boral Capital serving as the lead underwriter. Under the terms of the filing submitted to the Securities and Exchange Commission on Tuesday, the firm has granted underwriters a 45-day window to purchase an additional 15% of units to cover potential over-allotments. Should the offering price at the low end of its estimated range, Bogd FT anticipates net proceeds of $21.7 million, climbing to $25.2 million if the full option is exercised.

Bogd FT intends to list its units on the New York Stock Exchange under the ticker symbol BOGD. The capital injection is slated to bolster the firm’s core lending operations, with a specific focus on scaling its footprint within Mongolia and select markets throughout Central Asia.