The price of Development Bank of Mongolia's 580 million USD Euro bond rose follow- ing news of Mongolia's entry into an extended fund facility agreement with the IMF. The price of the Euro bond issued in 2012 reached its highest price in secondary markets since 2013. The bond surpassed 100 million USD in June 2013, and in the last two days, the price has increased by at least two percent. The Ministry of Finance recently announced that it will be offering an exchange of new notes, effectively transferring the bond's ownership from Development Bank (DBM) to a new bond issued by the Government of Mongolia, the Khuraldai Bond. Credit Suisse and J.P. Morgan will be acting as the bond's underwriters. Reports indicate that the two financial services companies will be holding negotiations with investors from Asia and Europe from February 22 to 28. Investors will have the opportunity to exchange the DBM bond for the new Khuraldai Bond until March 1. The DBM bond had an interest rate of 5.75 percent, and reports indicate that the new bond will make interest payments every six months. The minimum bond capital required for the exchange for new notes is 200,000 USD. The interest rate for the new bond has not been publicly announced. If investors chose to retain the Euro bond, they will not be able to exchange their bonds for the new Khuraldai bond. The government will be required to repay investors who have chosen to retain the Euro bond when its maturity is reached.