Prudential Invests US$5 million in CAIC Guaranteed Bonds

Prudential (Cambodia) Life Assurance PLC has invested US$5 million in guaranteed bonds of the Cambodia Airport Investment Co Ltd (CAIC) for supporting the development of the Techo International Airport.

The signing ceremony was held on 5 April by representatives of Prudential (Cambodia) Life Assurance PLC and Prudential (Cambodia) Life Assurance PLC.

Guaranteed by OCIC, the coupon rate of the CAIC bond is 5.5% per annum with 3 years tenure.

The TIA project is currently 31.1% completed with a total amount of US$434 Million (excluding airport land) already invested by CAIC.

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