Plans for Cambodia’s inaugural issuance of sovereign bonds worth $300 million have been postponed until further notice from their original end-June date due to technical issues, according to a finance ministry spokesman.
Securities and Exchange Regulator of Cambodia (SERC) director-general Sou Socheat has urged the private sector to consider issuing green bonds to build the green business ecosystem and investment community in the Kingdom.
Sovereign bonds, which will be issued sometime this year, will serve as a new financial instrument for institutional investors, such as the National Social Security Fund, pension fund, insurance companies and banks.
The Securities and Exchange Regulator of Cambodia (SERC) has asked Credit Guarantee Corporation of Cambodia Plc (CGCC) and trust fund Credit Guarantee and Investment Facility (CGIF) to work together to enhance the credit guarantee mechanism and develop the domestic bond market.
Submarine fibre optic cable solutions provider Telcotech Ltd on August 19 became the third company this year to receive the in-principle nod from the Cambodia Securities Exchange (CSX) for its eligibility review application to list on the bourse.
Bond-listed Prasac Microfinance Institution Plc on August 11 reported a strong business performance in the first half of the year, as net profit skyrocketed more than 83 per cent year-on-year.
South Korean-owned Phnom Penh Commercial Bank Plc (PPCBank) announced a first coupon payout to investors in its second bond despite unrest in the Cambodian economy fuelled by the spread of the Covid-19 pandemic.
Three cooperate-bond-listed firms on February 15 reported solid business-performance recovery in the fourth quarter of last year resulting from proactive government measures that kept economic activities afloat despite the spread of the Covid-19 pandemic.
In a first for the Cambodia Securities Exchange (CSX), shares of a listed bond were traded on the secondary market on November 24, data from the bourse show.