FTB Invested US$20 Million in the CAIC Bond to Support the Development of the New Phnom Penh International Airport

Date: 24 November 2021, Wednesday

A signing ceremony is held between Overseas Cambodian Investment Corporation Ltd. (OCIC), Cambodia Airport Investment Co., Ltd. (CAIC) and Foreign Trade Bank of Cambodia (FTB) for the investment of US$20 Million in the New Phnom Penh International Airport (NPPIA) Guaranteed Bond through private placement.

The funds raised from the NPPIA Guaranteed Bond will be used for the construction and development of the NPPIA in Kandal province. The NPPIA project is currently 27% completed with a total amount of US$358 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 real estate development, construction, property management, education, medical, shopping mall, hotel, rice mill, manufacturing etc with notable projects such as the NPPIA, 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 the NPPIA 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 US$1.7 Billion, total loan portfolio of US$1.1 Billion, total deposit of US$1.5 Billion, and total of 16 branches spread over the Kingdom.