FTB Invested Another US$10 Million, Totaling US$30 Million Investment in the CAIC Bond to Support the Development of Techo International Airport

Date: 26th January 2022, Wednesday

FTB invested another US$10 million on 06th January 2022, totaling US$30 million investment 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. Techo International Airport project is currently 30% completed with a total amount of US$390 Million (excluding airport land) already invested by CAIC.

The coupon rate of CAIC bond is 5.5% per annum with 3 years tenor and guaranteed by OCIC.

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 mall, hotel, rice mill, manufacturing etc with notable projects such as Techo International Airport, Diamond Island City, Norea Island, Chroy Changvar Satellite City and 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.

FTB is a truly local bank trusted since 1979. As the first commercial bank in Cambodia, FTB has played crucial roles in helping to promote and develop the local market and economy through relentlessly providing wide ranges of banking products and services to local customers. Based on its solid business foundation, significant achievements and over 40 years of banking experience in contributing to the development of national market and economy, FTB has grown and reached the current size of total assets of $1.7 billion, total loan portfolio of $1.15 billion, total deposit of $1.5 billion, and total of 16 branches spread over the Kingdom.