UPDATE 2-Mongolia bonds rally as $5.5 bln bailout

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"I have been long Mongolia for a long time - this is very
good," said Shahzad Hasan, a portfolio manager for emerging
markets fixed income at Allianz Global Investors.

"This will invite foreign investment in the country,
especially in the mining sector, and it will improve confidence
of foreign investors in Mongolia, so it is all very positive and
very constructive."

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