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CSX: Four more companies to list bonds and equity

Sok Chan / Khmer Times Share:
A monitor displays trading activity at the Cambodia Securities Exchange (CSX). KT/Chor Sokunthea

Three financial institutions and one privately owned company are expected to list their corporate bonds and equity on the Cambodia Securities Exchange (CSX) by the end of April and early May respectively.

RMA Cambodia (RMAC), fully guaranteed by the Credit Guarantee and Investment Facility (CGIF), has been successfully and fully subscribed, with 800,000 bonds subscribed by three investors. RMA’s total issue amount is 80 billion KHR.

The official listing of RMAC on the CSX is expected by April 29. The company will be the first guaranteed bond by CGIF for a private-owned company in Cambodia’s securities market.

Moreover, PRASAC, which is now under the subscription period (April 6 to 22) is also expected to list on the CSX by April 30. Prasac is also fully guaranteed by the Credit Guarantee and Investment Facility.

Prasac has 2,800,000 bonds for the public offering, with a total issue amount of 127.2 billion KHR. The coupon rate for corporate bonds is 7.5 percent per annum with a three-year maturity (semi-annual payment).

PPCBank, one of the leading commercial banks in Cambodia, obtained an approval on the subscription and allocation results of its corporate bonds from the Securities and Exchange Commission of Cambodia (SECC) on April 10 this year. The listing date for the bonds is expected to be on April 21.

PPCBank decided to issue a total of 80 billion-riels worth of bonds in two phases: during the first phase, PPCBank raised 40 billion riels and the remaining 40 billion riels will be raised during the second phase over the next six months or so. The bonds will have a tenure of three years, and the final coupon rate of the bonds will be 6.5 percent per annum.

In addition to this, the ACLEDA Bank is also keeping to their May 4 schedule to become the
first bank to release an IPO on the country’s local bourse. ACLEDA Bank’s subscription period will be open to potential investors until April 24.

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