Dosanko 2nd LP Fund invested in Unigas LLC in Mogolia - the first notes with equity warrants issue in Mongolian capital markets
- June 15, 2007
Dosanko 2nd LP Fund, of which Hokkaido Venture Capital is General Partner, has invested in Unigas LLC in Mongolia today.
Unigas was established in September, 2004 as a joint venture between Ichitaka Co., Ltd, Sapporo, Japan (JASDAQ 2774), Sumitomo Corporation, Tokyo, Japan, and Petrovis LLC, Ulaanbaatar, Mongolia, and its main operation is to provide LPG in Mongolia.
This investment has been made in the form of the notes with equity warrants, and this is the first notes with equity warrants issue in the Mongolian capital markets. In Mongolia, there have been 10 (ten) straight bond issuance in its public market after its inauguration of its capital markets in early 1990s, but neither private bond issue in the registered form nor the notes with equity warrants issue, as is in this case, has taken place. Hokkaido Venture Capital believes that this issue shall contribute to the development of Mongolian capital markets.
Press release is here.
Unigas was established in September, 2004 as a joint venture between Ichitaka Co., Ltd, Sapporo, Japan (JASDAQ 2774), Sumitomo Corporation, Tokyo, Japan, and Petrovis LLC, Ulaanbaatar, Mongolia, and its main operation is to provide LPG in Mongolia.
This investment has been made in the form of the notes with equity warrants, and this is the first notes with equity warrants issue in the Mongolian capital markets. In Mongolia, there have been 10 (ten) straight bond issuance in its public market after its inauguration of its capital markets in early 1990s, but neither private bond issue in the registered form nor the notes with equity warrants issue, as is in this case, has taken place. Hokkaido Venture Capital believes that this issue shall contribute to the development of Mongolian capital markets.
Press release is here.
