Auto distributor RMA raises 20 mln USD from listing corporate bonds on Cambodia’s bourse

RMA (Cambodia) Plc., an authorized auto distributor in Cambodia, on Thursday raised 20 million U.S. dollars from listing its corporate bonds on the Cambodia Securities Exchange (CSX) despite the ongoing COVID-19 pandemic.

Ngorn Saing, CEO of RMA (Cambodia) Plc., said the firm issued 800,000 bonds, raising 80 billion riels (about 20 million U.S. dollars) and that the company’s corporate bonds have a maturity date of five years with a coupon rate of 5.5 percent per annum.

“The listing does not only benefit the company, but also helps to promote and expand the CSX,” he said during the listing ceremony. “These will increase trust and confidence in doing business in Cambodia by accessing fund through capital market and will be a catalyst for the development of national economy.”

In full: http://www.xinhuanet.com/english/2020-04/30/c_139021965.htm

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