Phnom Penh: A leading commercial bank in Cambodia, ACLEDA Bank Plc., has officially launched its subordinated bond listing with the Cambodia Securities Exchange (CSX) to expand its financing source. H.E. Hean Sahib, Secretary of State at the Ministry of Economy and Finance (MEF) and CSX Chair, presided over the event in Phnom Penh on Feb. 24.

According to Agence Kampuchea Presse, the Secretary of State welcomed the move, stressing that the bond listing at CSX, which is a platform and regulator for capital market activities, does not only allow better financing options for ACLEDA Bank’s capital expansion but also builds trust among its investors.

H.E. Sou Socheat, Delegate of the Royal Government in charge as Director General of Securities Exchange and Regulator of Cambodia (SERC), congratulated ACLEDA Bank for issuing the subordinated bonds with the largest issuing size and amount following its issuance and stock listing since June 2020.

Dr. In Channy, President and Group Managing Director of ACLEDA Bank, remarked that raising capital through the Cambodia securities market, including the issuance of equity and bonds, has allowed the bank to secure a strong source of financing. ‘This subordinated bond issuance is a financial instrument currently being utilised by banks around the world, including ACLEDA Bank, to contribute to strengthening and expanding the bank’s business scope, fostering sustainable growth with efficiency and trust,’ he said.