CGCC Buys US$2 million in CAIC Bonds, Funding New Airport Development

The Credit Guarantee Corporation of Cambodia Plc. (CGCC) has invested 8 billion Riels (approx. US$2 million) in the guaranteed bonds of Cambodia Airport Investment Co., Ltd. (CAIC) to support the development of the Techo International Airport.

The agreement was signed on Thursday 27 January between CAIC Director Mr Charles Vann and CGCC CEO Mr Wong Keet Loong and witnessed by OCIC Chairman Nreak Okhna Pung Kheav Se and HE Mey Vann, Secretary of State of Ministry of Economy and Finance.

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

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

Techo International Airport project is currently 30% completed with a total amount of US$390 million spent by CAI, excluding the cost of purchasing the land.

- Video Advertisement -

Related Post

Japan Enhances Cambodia’s Development with Significant Aid Package

In a remarkable commitment to bolster socio-economic progress in Cambodia, the Japanese government has announced a generous grant of 404 million yen, which is approximately USD 2.9 million. This funding aims to support a range of important development projects that will positively impact communities throughout Cambodia. The official signing ceremony took place on February 27, […]

Japan Boosts Education and Healthcare in Cambodia with New Grant Aid

In a significant commitment to support Cambodia’s development, the Japanese government has announced a grant aid of over USD 720,000 to enhance early childhood education and improve medical services in the country. The announcement was made during a signing ceremony with a Japanese NGO in Cambodia, attended by key officials, including His Excellency Ueno Atsushi, […]

ADB Announces Ambitious Expansion of Financing to Tackle Regional Challenges

In a significant move to bolster development across the Asia-Pacific region, the Asian Development Bank (ADB) has unveiled plans to increase its annual financing capacity from USD 24 billion in 2024 to an impressive USD 36 billion by 2034. This 50% expansion aims to enhance ADB’s ability to address pressing regional issues and promote sustainable […]

Japan Boosts Phnom Penh’s Emergency Services with Over USD 200,000 in Grants

The Japanese government has announced a significant contribution of over USD 200,000 to support two critical projects aimed at enhancing emergency response capabilities in the Phnom Penh capital. The funding comes through a grant agreement for a small-scale human security project known as Kusanone. The financial assistance will be allocated to two key initiatives. The […]

USAID’s Withdrawal Paves the Way for China’s Expanding Influence in Cambodia & ASEAN

The abrupt freezing of USAID funding under the Trump administration has halted vital infrastructure and development projects across Southeast Asia, leaving a geopolitical vacuum that China is poised to fill. With USAID’s cessation, critical services in Cambodia—including healthcare, education, and demining efforts—face significant disruption. The United States, which allocated nearly USD 68 billion in foreign […]

Japan Announces Investment in Prosthetic Equipment & Port Development in Cambodia

The Japanese government approved a grant budget of USD 204,720 to invest in two significant projects to enhance local infrastructure and improve Cambodia’s health services. This funding was formalised in a grant agreement signed on 16 February 2025 by HE Ueno Atsushi, Ambassador of Japan to Cambodia, and representatives from the recipient institutions. A portion […]