ABA Bank Invests US$30m in New Phnom Penh Airport Development Through Guaranteed Bonds

15 December 2021
Local News
4200 Views

Cambodia Airport Investment Co Ltd has sold another US$30 million guaranteed bond to ABA Bank to raise more funds for the development of the new Phnom Penh airport.

The signing ceremony was held on December 14 between Overseas Cambodian Investment Corporation Ltd (OCIC), Cambodia Airport Investment Co., Ltd (CAIC) and ABA Bank.

The bond is guaranteed by OCIC with an interest rate of 5.5% per annum and a maturity date of 3 years. The budget raised from the guaranteed bond will be used for the construction and development of the Techo International Airport.

CAIC has issued a total of US$300 million, and at least over US$100 million has been thus far sold to many financial institutions including ABA Bank.

Prime Minister Samdech Hun Sen has also urged local financial institutions to continue investing in this US$300-million guaranteed bond, aiming to prove that Khmer can also fund their own large-scale project just like the “Khmer Can Do it” slogan. (Read more)

As of December 2021, the construction of this new Phnom Penh airport, which was renamed as Techo Krong Takmao International Airport, is 27% complete and scheduled for operation in 2023.

- Video Advertisement -

Cambodia’s Trade Performance Surges in 2025 with Significant Growth in Both Imports and Exports

24 February 2026

Annual report reveals double-digit increases in trade volume as the Kingdom strengthens its position in regional and global supply chains In 2025, Cambodia witnessed a robust expansion in its trade activities, with import volumes exceeding 33 billion dollars, representing an 18.7 percent increase over the previous year. Simultaneously, export volumes rose by 14.6 percent to […]

Cambodia’s Rice Exports Surge, Raking in Nearly USD 350 Million in 8 Months

16 September 2025

In an impressive display of agricultural prowess, Cambodia has earned approximately USD 348.18 million from the export of nearly 473,000 tons of rice in the first eight months of 2025. This significant achievement was reported by the Cambodian Rice Federation on August 10, 2025. From January to August, 51 rice exporting companies facilitated the shipment […]

Agro King Plans Major Purchase of Cambodian Agricultural Products for Export to Vietnam

5 September 2025

In a significant move for the agricultural sector, Agro King Trading Co., Ltd. has announced its intent to purchase four types of Cambodian agricultural products for export to Vietnam. This initiative aims to strengthen trade ties between the two neighboring countries and boost the local economy. The announcement was made by His Excellency Ky Chanromduol, […]

US Firm Argentem Creek to Invest in Cambodia’s Financial Sector

6 August 2025

In a significant move for Cambodia’s financial landscape, US-based Argentem Creek has announced its intention to invest in the country’s financial sector. The announcement was made following a pivotal meeting between Ms. Chea Serey, Governor of the National Bank of Cambodia, and Mr. Maarten Terlouw, President and Co-CEO of Argentem Creek, held on August 4, […]

Cambodia’s Special Economic Zones Drive Export Growth and Employment

28 June 2025

Cambodia’s special economic zones (SEZs) are proving to be pivotal in boosting the nation’s export capacity, contributing to more than 23% of total exports. As of 2024, the country boasts 44 SEZs, which are instrumental in enhancing domestic product exports, with projections estimating their contribution to total exports could reach between 23%-25% from 2022 to […]

US Tourists Propel Angkor Wat Ticket Sales to New Heights in Early 2025

9 June 2025

In a remarkable start to the year, Cambodia has welcomed a surge of American tourists, leading the charge in ticket sales for the iconic Angkor Wat temple complex during the first five months of 2025. According to a recent report from the Angkor Foundation, the number of international visitors to Angkor reached an impressive 527,577, […]