Alpha Commercial Bank Invests US$10m in New PP Airport Bonds

Alpha Commercial Bank PLC has invested US$10 million in the guaranteed bonds of Cambodia Airport Investment Co., Ltd. (CAIC) to support the development of the Techo International Airport in Kandal province.

The agreement was signed was held on Friday 14 January by CAIC Director Charles Vann and Alpha Commercial Bank PLC Chairman Oknha Ly Kunthai under the presence of OCIC Chairman Neak Oknha Pung Kheav Se.

The funds raised from the bond will be used for the construction and development of Techo International Airport in Kandal province.

The coupon rate of the CAIC bond is 5.5% per annum with a 3-year tenure and is guaranteed by OCIC.

Techo International Airport project is now 30% complete with a total amount of US$390 million spent by CAIC (excluding land investment).

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