US$300m Gov’t Bond to be Issued in September 2022

• 31 December 2015
• Local News
• 1139 Views

The government is preparing to issue 1.2 trillion Riel (equivalent to US$300 million) in government bonds in 2022 to raise capital from the stock market to develop the national economy.

HE Meas Soksensan, Secretary-General, and spokesman for the Ministry of Economy and Finance stated that the government may issue the bond in August or September, while the ministry is currently finalising procedures and technical factors.

“So far, we have prepared almost all the technical procedures. We hope to issue them in upcoming August or September if all goes as planned,” he said.

The issuance of a government bond is to raise developing funds from local investors instead of borrowing from abroad.