The Royal Group Phnom Penh SEZ Plc has raised US$9.96 million in capital from its green bond listing at the Cambodia Securities Market (CSX) for building wastewater treatment plant and its infrastructure.
The official bond listing ceremony was held on June 28 at the CSX building, under the presidency of H.E. Dr. Hean Sahib, Secretary of State at the Ministry of Economy and Finance (MEF) and Chairman of CSX.
The bond is named as “PPSP Green Bond” which is a public guaranteed bond by CGIF with a total offering amount of US$9.96 million for five-year maturity and coupon rate SOFR+1.5% per annum.
Mr. UEMATSU HIROSHI, Chief Executive Officer of RGPP SEZ mentioned that raising capital through the CSX of both equities and debt securities allows the company to have a strong source of financing to expand its business operations in a green context and aims to serve the community with high demand.
‘This is issuance is helping us to also achieve our company goal in attracting potential investors to invest in the eco
nomic zone, and it is also the honour of Royal Group to get involved in the development of the securities market,’ he said.
H.E. Sou Socheat, Director General of the Securities and Exchange Regulator of Cambodia (SERC), congratulated the listed company for achieving the listing of the green bond in addition to the issuance and listing of shares twice in May 2016 and October 2018.
The issuance and listing of the green bonds have also received technical assistance, financial support and enhancement on investment support through the “Cambodia Sustainable Bond Accelerator (CSBA)” programme.
There is a collaboration between SERC, GGGI, UNESCAP, CGIF and GuarantCo which simplified the process and cost on issuance.
As a result of these efforts, there will be a consecutive issuance and listing of companies, he added.
‘This indicates that the securities market is growing with the number of securities issuance and themetic bonds including green bond, social bond and sustainability bond,’ H.E. Sou Socheat underline
d.
As of June 2024, there are 23 listed companies, including 11 companies listed as stocks and 12 listed as bonds with a total fund raised of approximately US$400 million.
Source: Agence Kampuchea Presse