ACLEDA raises $14M more from subordinated bond

ACLEDA raises $14M more from subordinated bond

ACLEDA BANK Plc has raised an additional $14 million from tranche subscription of the subordinated subscribed, making the total amount of the subordinated bond issuance $100 million.

ACLEDA BANK, the first commercial bank in Cambodia listed its share on the Cambodia Securities Exchange (CSX) has obtained approval from the National Bank of Cambodia and the Securities and Exchange Regulator of Cambodia (SERC) for subordinated bond issuance to the amount of KHR 400 billion, equivalent to $100 million.

Recently, the bank conducted the first tranche subscription with qualified investors subscribing to the bond in the amount of KHR 343,350,000,000 equivalent to $85.84 million resulting in gaining investors’ confidence over expectation.

The bank notified the investors and public in a notification on the second tranche subscription of subordinated bonds filed to CSX dated March 5.

“Simultaneously on March 3 and 4, ACLEDA BANK has further successfully conducted the second tranche subscription of the subordinated subscribed by the qualified investors in the amount of KHR 56,650,000,000 equivalent to $14.16 million,” the bank said.

This made the total amount of the two tranche subscriptions of the subordinated bond $100 million.

In Channy, CEO of ACLEDA BANK, said that issuing subordinated bonds helps the bank grow stronger and expand its business, leading to sustainable and efficient growth and greater trust from customers and the public.

“The subordinated bond issuance is an important contribution to promoting the growth and development of the capital market in Cambodia and is a new mechanism for mobilizing domestic capital sources to support customers and contribute to the development of the national economy and society,” he said.

According to the bank’s fourth-quarter report 2024, 11.18 percent to $1,089.79 million and 6.94 percent to $461.71 million, respectively compared to the year ended 2023.

The bank has more than 4.22 million ACLEDA mobile registers, especially among those the bank had more than 0.49 million business partners.

Currently, there are two types of securities, stocks and bonds, traded on CSX.

There are 11 listed companies in the equity market and 13 companies issued corporate bonds. The listed companies raised $475 million from the market as of February this year.

khmertimeskh