Microlender raises $29m via Cambodia’s first corporate bonds

Newly tapped alternative to bank loans offers chance to develop financial sector.

Phnom Penh-based microfinance institution Hattha Kaksekar listed the first corporate bonds in Cambodia on Thursday, raising hopes that local companies will use this option to raise capital and ultimately stimulate the country’s small securities market.

Hattha Kaksekar, the third-largest microfinance institution in Cambodia by loan balance, raised 120 billion riel ($29.8 million) through the issuance. Proceeds will be used for loans extended to farmers and owners of small businesses.

In full: https://asia.nikkei.com/Business/Markets/Microlender-raises-29m-via-Cambodia-s-first-corporate-bonds

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