AMK Invests US$1m in CAIC Bond to Support Techo International Airport Construction

• 6 May 2022
• Local News
• 1254 Views

AMK Microfinance Institution Plc. invested US$1 million on 6 May 2022 in the Techo International Airport Guaranteed Bond through private placement.

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

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

Mr Kea Borann, CEO of AMK Microfinance Institution Plc., said that “At AMK, we are proud to be the first Microfinance Institution to invest in the Techo International Airport Guaranteed Bond, and support the development of this project, which will drive economic growth and development in Cambodia.”

OCIC is the largest investment group and local conglomerate in Cambodia. The company’s core expertise is in infrastructure development, real estate, construction, property management, education, medical, shopping malls, hotels, rice mills, manufacturing, etc with notable projects such as Techo International Airport, Diamond Island City, Norea Island, Chroy Changvar Satellite City, and the Olympia City Complex.

CAIC is a joint venture between the Royal Government of Cambodia (RGC) represented by the State Secretariat of Civil Aviation and OCIC. The RGC has granted CAIC the rights to own, design, construct, finance, operate, maintain and manage Techo International Airport Project.

AMK is one of Cambodia’s leading MFIs in terms of outreach. AMK has 150 operating branches, and nearly 7,000 agents nationwide.

• Investment and Funding