Airport and Aviation
Hattha Bank Invests US$15 million in CAIC Bond to Fund New Airport Development
Hattha Bank Plc has invested US$15 million in guaranteed bonds of the Cambodia Airport Investment Co., Ltd. (CAIC) to fund the development of the Techo International Airport. The agreement was signed on 4 March held between CAIC Director Mr Charles Vann, Hattha Bank President and CEO Oknha Hout Ieng Tong, in the presence of Neak Oknha Dr Pung Kheav Se, Chairman of Overseas Cambodian Investment ...
Read MoreCGCC 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 Nrea...
Read MoreWing Bank Buys US$2 million in CAIC Bonds, Funding New Airport Development
Wing Bank (Cambodia) Plc has invested 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 between CAIC director Mr Charles Vann and Wing Bank CEO Mr Han Peng Kwang and witnessed by OCIC Chairman Neak Okhna Dr Pung Kheav Se and Royal Group Chairman Oknha Kith Meng....
Read MoreACLEDA Bank Invests US$30 million in CAIC Bond, Funding New Phnom Penh Airport Development
ACLEDA Bank Plc has invested US$30 million in a guaranteed bond of the Cambodia Airport Investment Co Ltd (CAIC) to contribute to developing the Techo International Airport. The agreement was signed on Monday 10 January by CAIC Director Charles Vann and ACLEDA Bank Plc President In Channy, witnessed by OCIC Chairman Neak Oknha Dr Pung Kheav Se. The coupon rate of CAIC bonds is 5.5% per annum...
Read MoreGov’t Plans to Build, Rehabilitate & Upgrade Four Airports
The Cambodian government plans to build two new airports and upgrade two other existing airports, according to the Law on Financial Management for 2022. The four projects are in the projects under the Office of the Council of Ministers, which include the construction of new Ratanakiri and Preah Vihear airports (both Class 3), as well as the upgrade of Battambang Airport (Class 3) and Stueng Tre...
Read MoreCPBank buys US$10-millon CAIC bond, funding new Phnom Penh airport development
Cambodia Post Bank Plc (CPBank) has purchased a US$10-million bond of the Cambodia Airport Investment Co., Ltd (CAIC) to help fund the development of the new Techo International Airport. The purchasing agreement was signed on 28 December by CAIC Director Charles Vann and CEO of CPBank Toch Chaochek with OCIC Chairman Neak Oknha Dr Pung Kheav Se as the witness The funds raised from the guaran...
Read MoreABA Bank Invests US$30m in New Phnom Penh Airport Development Through Guaranteed Bonds
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...
Read MoreNew Pnnom Penh Airport Named ‘Techo International Airport’; Now 27% Complete
As of December 2021, the construction project of the new Phnom Penh Airport, which has recently been renamed as the "Techo International Airport, Takhmao City" has reached 27% completion, on track to start operation by 2023. This is according to the site inspection by Cambodia Prime Minister Samdech Hun Sen on 9 December. On this occasion, Cambodia Airport Investment Co., Ltd (CIAC) and OCIC...
Read MorePM Urges Domestic Private Firms to Invest in Bonds to Fund New PP Airport Construction
Prime Minister Samdech Hun Sen has urged local financial institutions to invest in the new Phnom Penh International Airport in Kandal province through the US$300-million guaranteed bond issued by Cambodia Airport Investment Co., Ltd (CAIC). Among the total bond amount, to date, over US$80 million have been issued to many firms such as banks, insurance companies, and other financial institutions...
Read MoreOCIC, CAIC Sell US$20-million Bond to FTB Bank to Fund Phnom Penh Airport Development
Cambodia Airport Investment Co., Ltd (CAIC) has issued and sold US$20 million in guaranteed bonds to FTB bank to collect more funds for the construction of the new Phnom Penh International Airport in Kandal province. The agreement of the US$20 million guaranteed bonds was signed by Charles Van, CEO of OCIC and CAIC, and Dith Sochal, General Manager of FTB. With an interest rate of 5.5% per a...
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