Logo of Phnom Penh Post newspaper Phnom Penh Post - ABA Bank takes step towards bond listing with CSX approval

ABA Bank takes step towards bond listing with CSX approval

Content image - Phnom Penh Post
Advanced Bank of Asia Limited (ABA Bank) plans to raise 128 billion riel ($32 million) through its first corporate bonds issued in the Kingdom’s capital market. POST PIX

ABA Bank takes step towards bond listing with CSX approval

The Cambodia Securities Exchange (CSX) granted its approval in principle on a bond listing eligibility review to Advanced Bank of Asia Limited (ABA Bank), it said on Tuesday.

Following CSX approval, ABA Bank needs to be approved by the Securities and Exchange Commission of Cambodia to publicly issue corporate bonds.

ABA Bank, a National Bank of Canada Group member, will become the third bond issuer in the Kingdom’s capital market after it obtains approval from the National Bank of Cambodia.

The bank plans to raise 128 billion riel ($32 million) through its first corporate bonds.

Net proceeds from the bond issuance will be used as operating expenditures and to grow the lending business, the bank said.

“The money will support rural micro, small and medium enterprises, including women entrepreneurs in Cambodia,” the press release said.

As of May 31, ABA Bank’s assets totalled $3.36 billion, making it the third largest bank in Cambodia.


  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • Rise in planned flights lifts travel hopes

    Six airlines have applied to resume flights in December, while two others have put in for additional flights and routes, according to State Secretariat of Civil Aviation (SSCA) head Mao Havannall on November 29. These account for 43 new weekly domestic and international flights in December, up 16

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • Is Cambodia’s travel sector in for another cheerless holiday season?

    The travel and tourism sector was heaving back to life as borders started to reopen, promising a festive vibe for the holidays and New Year. But Omicron and other Covid-related issues are threatening to close the year on a bleak note ‘Seems [like] Covid-19 won’

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration

  • Hun Sen: Manet to be candidate for prime minister

    Prime Minister Hun Sen has reaffirmed that his oldest son Hun Manet will be his successor as Prime Minister if he is elected. Speaking during the inauguration of a new sewage treatment facility in Preah Sihanouk province on December 2, Hun Sen said Manet will be