Our company
first was founded in 1991 as a brokerage and dealing firm “Bayandukhum” in
order to receive and register common shares of Property Privatization from
citizens of Tuv Province.
The company was
re-organized, in 1995, to provide comprehensive brokerage and dealing service
on the stock market, under the name of BDSec LLC.
In 1997,
BDSec opened its first branch in Ulaanbaatar and in 1998 shifted its headquarter
from Tuv Province to Ulaanbaatar.
Upon receiving
the official license for underwriting from the Financial Regulatory Commission
in 2004, we became the first company to operate as an underwriter in Mongolia.
In 2004, we became
the first independent underwriter and chief dealer for corporate bonds, and successfully
introduced Pumo Bond” to the fixed income market.
In 2005, we
made an agreement with “Moninjbar”, the civil engineering and plumbing company,
to act as official underwriter for its “Reformation Bond”.
In 2006, BDSec
became a public company as issuing 1 billion MNT worth of shares through an
IPO. In the same year, we underwrote Genco Tour Bureau as our first IPO in the
public equity market. We also completed the secondary issue of “Puma Bond” in
2006.
In 2007, we entered
into an agreement with New-York based brokerage firm, Auerbach Grayson &
Co, Inc. which became our official representative in the United States of
America. In the same year, we also completed IPOs of HBOIL JSC, Moninjbar JSC
and Tuul Songino Water Resource JSC through our underwriting arm.
In 2008, BDSec
successfully managed MNT 3.2 billion IPO of Khukh Gan JSC, MNT 0.3bn IPO of
Naco Fuel JSC, MNT 0.6bn secondary offering of HBOIL JSC and MNT 2.8bn
secondary offering for BDSec JSC. We started public education program in 2008
with giving a free lectures and trainings about the capital market to the
domestic people.
