ABA Bond listed on Cambodia Securities Exchange
After the successful issuance earlier this month, the corporate bond of Advanced Bank of Asia Limited (ABA Bank) has been listed on the Cambodia Securities Exchange. The Bond was assigned the “ABAA22A” bond symbol.
ABA Bond was issued on August 14, for the total amount of KHR 84.821 billion (approximately $21 million). It has the maturity of 3 years and pays a coupon of 7.75% per annum.
The ABA Bond is the first corporate bond available for retail investors in addition to institutional investors. ABA Bond also becomes the first offer of debt securities from a commercial bank in the country and the first Cambodian bond with international ‘B’ rating from S&P Global Ratings agency.
The net proceeds from the bond issuance will support rural micro-, small and medium enterprises , including women entrepreneurs in Cambodia.
SBI Royal Securities is the sole financial advisor and underwriter for this corporate bond issuance.
About SBI Royal Securities:
SBI Royal Securities is the leading securities firm in Cambodia, offering a full range of investment services, which include underwriting, advising, mergers and acquisitions, and brokerage. In 2018, SBI Royal Securities was named as Cambodia’s “Best Corporate and Investment Bank” by Asiamoney magazine.
Established in February 2010, SBI Royal Securities Plc (SBIR) became the first Japanese financial institution to acquire the “full license” required to operate a securities business in Cambodia from Securities and Exchange Commission of Cambodia (SECC).
SBI Royal Securities has completed many historic transactions including the IPO of the Port of Sihanoukville (CSX listing: PAS), the IPO of Phnom Penh Special Economic Zone (CSX listing: PPSP), the first-ever corporate bond in Cambodia offered by Hattha Kaksekar Limited (CSX listing: HKL21A), and many other financing projects.