ABA 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.