Bond rivals seize on departure to question Mongolia mandate | Ticker | IFRe: "People close to BofA Merrill denied that Ayliffe was the key player behind their Mongolian successes, and confirmed that the bank was fully committed to the North Asian country. Ayliffe could not be reached for comment.
BofA Merrill has certainly won an enviable book of business from Mongolia this year.
The US bank ran the books on a five-year dollar bond for Mongolian Mining Corp earlier this year, alongside ING, JP Morgan, Standard Bank and Standard Chartered. It was also one of two bookrunners on Trade and Development Bank of Mongolia’s three-year deal in September, with ING.
Mongolian Resources not too long ago announced it had picked BofA Merrill, HSBC and ING for a dollar bond, before the government also included the US bank in its revived plans for a US dollar sovereign debut."
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