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Date: 4th March 2022, Friday
A signing ceremony is held between Cambodia Airport Investment Co., Ltd. (CAIC) represented by Mr. Charles Vann, Director, and Hattha Bank Plc. represented by Oknha Hout Ieng Tong, President and CEO, presided over by Neak Oknha Dr. Pung Kheav Se, Chairman of Overseas Cambodian Investment Corporation Ltd. (OCIC) for the investment of US$15 million in Techo International Airport Guaranteed Bond through private placement.
The funds raised from Techo International Airport Guaranteed Bond will be used for the construction and development of Techo International Airport in Kandal province. Techo International Airport project is currently 32% completed with a total amount of US$414 Million (excluding airport land) already invested by CAIC.
The coupon rate of CAIC bond is 5.5% per annum with 3-year tenor and guaranteed by OCIC.
OCIC is the largest investment group and local conglomerate in Cambodia. The company's core expertise is in infrastructure development, real estate, construction, property management, education, medical, shopping mall, hotel, rice mill, manufacturing etc with notable projects such as Techo International Airport, Diamond Island City, Norea Island, Chroy Changvar Satellite City and Olympia City Complex.
CAIC is a joint venture between the Royal Government of Cambodia (RGC), represented by the State Secretariat of Civil Aviation, and OCIC. The RGC has granted CAIC the rights to own, design, construct, finance, operate, maintain and manage Techo International Airport Project.
Hattha Bank Plc. is one of the leading banks in Cambodia, which received license from the National Bank of Cambodia and the Ministry of Commerce to conduct its commercial banking operations officially from 26th August 2020. With nearly 30 years of experience in providing financial services to Cambodian people, after its transformation, Hattha Bank has improved and introduced many financial services, including: Enhancement of mobile banking service (named: Hattha Mobile), introduction of interbank transfers, cross border remittance, overdraft loan, new deposit products (HYSA Flexi and HYSA Corporate), to in addition to its existing services such as: loans, deposits, local money transfer, ATM, payroll and insurance referral service.
Hattha Bank is a subsidiary of Bank of Ayudhya Public Company Limited and its group companies (Krungsri) is the fifth largest financial group in Thailand in terms of assets, loans, and deposits, and one of Thailand’s five Domestic Systemically Important Banks (D-SIBs) with 75 years of history in Thailand. Krungsri is a strategic member of the Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial group and one of the world’s largest financial organizations.
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