ABA​ Bond​ successfully​ paid​ out,​ confirming​ the​ Bank's​ solidity

17/Aug/2022

ABA​ Bond​ successfully​ paid​ out,​ confirming​ the​ Bank's​ solidityABA​ Bond​ successfully​ paid​ out,​ confirming​ the​ Bank's​ solidity

ABA​ Bank,​ the​ number​ one​ Cambodia's​ commercial​ bank,​ has​ fulfilled​ its​ obligations​ and​ transferred​ in​ full​ the​ principal​ and​ last​ coupon​ of​ its​ corporate​ bonds​ (ABA​ Bond)​ to​ all​ bondholders​ on​ 12​ August​ 2022.

The​ Bank​ issued​ ABA​ Bond​ worth​ KHR​ 84.82​ billion​ (around​ USD​ 21​ million)​ with​ a​ nominal​ amount​ of​ KHR​ 100,000​ per​ bond​ and​ a​ maturity​ of​ three​ years​ in​ August​ 2019.​ The​ coupon​ rate​ was​ 7.75%​ p.a.​ with​ the​ semi-annual​ payment.​ In​ three​ years,​ ABA​ paid​ out​ KHR​ 19.69​ billion​ in​ interest​ to​ its​ bondholders.

ABA​ Bond​ became​ the​ first​ corporate​ bond​ available​ for​ retail​ investors​ in​ addition​ to​ institutional​ investors.​ It​ was​ also​ the​ first​ offer​ of​ debt​ securities​ from​ a​ commercial​ bank​ in​ the​ country​ and​ the​ first​ Cambodian​ bond​ with​ the​ international​ 'B'​ rating​ from​ the​ S&P​ Global​ rating​ agency.​ Among​ bondholders,​ the​ majority​ is​ from​ the​ retail​ side,​ and​ most​ investors​ are​ Cambodians.​ It​ displayed​ people's​ confidence​ in​ the​ national​ currency​ and​ their​ desire​ to​ invest​ in​ Khmer​ Riels.​ ABA​ Bond​ contributed​ to​ the​ Cambodian​ capital​ market​ development,​ bringing​ even​ more​ trust​ in​ this​ sector.

Through​ 2022,​ ABA​ kept​ solidifying​ its​ market​ position​ and​ remains​ the​ largest​ local​ commercial​ bank​ by​ total​ assets,​ customer​ deposits,​ gross​ loans,​ and​ net​ profit​ since​ 2021.​ In​ particular,​ the​ total​ assets​ grew​ to​ USD​ 8.5​ billion,​ while​ the​ deposit​ portfolio​ increased​ to​ USD​ 6.9​ billion​ at​ the​ end​ of​ the​ second​ quarter.​ The​ Bank​ managed​ to​ secure​ USD​ 130.6​ million​ in​ net​ profit​ for​ the​ six​ months​ of​ 2022.

The​ latest​ 6-month​ audited​ financial​ statements​ of​ ABA​ Bank​ are​ available​ here.