Market Report

ACLEDA Plans $100m Thai baht-bond Listing in Thailand

The bank, which hopes to raise and diversify sources of fund, has received NBC’s permission to pursue the overseas listing
ACLEDA Bank Plc. Kiripost/Siv Channa
ACLEDA Bank Plc. Kiripost/Siv Channa

ACLEDA Bank Plc plans to issue Thai baht-denominated subordinated unsecured debentures with a seven-year tenure to raise $100 million via the Thai Bond Market Association (TBMA) at a listing date to be confirmed later.

According to its filing with Cambodia Securities Exchange, the purpose of the exercise is to expand the scope of funding collection from the Thai bond market and diversify sources of funds to support its long-term strategy.

It is issuing 433.2 million units at an issue price of 10,020 Khmer riel per unit, and is looking to register with TBMA in December this year.

The commercial bank has received National Bank of Cambodia’s approval to list its bonds in Thailand and is working to meet the regulatory requirements and conditions of the Thai authorities and related parties.


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