Phnom penh: ACLEDA BANK PLC has successfully raised approximately US$100 million through the issuance of Subordinated Bonds. The funds are intended to bolster the bank's capital base and ensure sustainable business growth, reflecting strong customer trust.
According to Agence Kampuchea Presse, the official listing ceremony for the Subordinated Bonds took place on October 8, presided over by H.E. Dr. Hean Sahib, Secretary of State of the Ministry of Economy and Finance and Chairman of the Board of Directors of the Cambodia Securities Exchange (CSX). The event was attended by significant figures including H.E. Sou Socheat, Director General of Securities and Exchange Regulator of Cambodia (SERC), H.E. Hong Sok Hour, CEO of the CSX, as well as various institutional representatives and distinguished guests.
The subscription process was a success, with 77 qualified investors subscribing to the entire issuance, amounting to KHR 400 billion, equivalent to US$100 million. The bonds carry a coupon rate of 7.5 percent per annum. This provides investors with opportunities while enabling the bank to raise capital for its operations, contributing to the development of the local economy and society at large.
The substantial volume of this bond issuance has underscored ACLEDA BANK's ability to gain investor trust and confidence beyond expectations. Dr. In Channy, President and Group Managing Director of ACLEDA BANK, expressed gratitude towards the National Bank of Cambodia and the Securities and Exchange Regulator of Cambodia for their approval to issue bonds worth up to KHR 400 billion.
Dr. Channy emphasized that the issuance offers investors and customers a new investment avenue with ACLEDA BANK. Subordinated Bonds are a common financial tool used globally by banks, including ACLEDA, to enhance capital and support sustainable growth, underpinned by customer trust.