FTB Bank in Cambodia adds $10 million more on Cambodia Airport Investment’s bond

FTB has injected another $10 million in guaranteed bonds of the Cambodia Airport Investment Co Ltd to support development of the Techo International Airport in Kandal province, bringing total investment of $30 million, according to a press release issued on Wednesday. The funds raised from Techo International Airport Guaranteed Bond will be used for the construction and development of Techo International Airport in Kandal province. FTB is the second banking investor in the Techo International Airport guaranteed bond after Prince Bank. Other banking investors are ABA, PCBank, Aceleda Bank, Wing Bank, Alpha Bank, and state-run Credit Guarantee Corporation of Cambodia. Techo International Airport project is currently 30 percent completed with a total amount of $390 million (excluding airport land) already invested by CAIC. The coupon rate of CAIC bond is 5.5 percent per annum with three-years tenor and guaranteed by OCIC. This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources. Khmer Daily