MDS & KhanLex advises EBRD on a EUR 10 million senior loan facility to Mongolian car dealer (Jan 2015)
MDS & KhanLex advised European Bank for Reconstruction and Development on its EUR 10 million senior loan facility to Tavan Bogd LLC.
The EBRD loan of 23.4 billion tugrik (equivalent of €10 million) will help Tavan Bogd to finance the construction of a state-of-the-art Toyota repair and maintenance center and expand its new car distribution and sales business.
The borrower is part of Tavan Bogd Group, a large Mongolian group with business interests ranging from consumer goods to financial services to export-import trade.
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