RMA Cambodia receives Best Local Currency Bond Award

Phnom Penh, December 23rd, 2020 – RMA Cambodia has been awarded the Best Local Currency Bond Award at the Asset Asian Awards 2020. The award pertains to RMA Cambodia’s KHR 80 billion (approximately USD 20 million maiden bond listing on the Cambodia Securities Exchange.

 

As the financial multi-media group with the widest reach among Asian issuers and global institutional investors, The Asset has unparalleled insights that form the foundation of its annual awards. More than twenty years old, The Asset Triple A Country Awards focus on activities in Asian domestic markets. The period covered is from October each year to September the following year and results are published in the December issue of The Asset and www.TheAsset.com.

 

The Asset’s Annual Triple A recognition represents one of the industry’s most prestigious awards for banking, finance, treasury and the capital markets and we are extremely honoured to receive this award”, explained Ngorn Saing CEO of RMA Cambodia.

 

On April 30th, 2020 RMA Cambodia listed it’s 5-year amortized bond with a coupon rate of 5.5% per annum on the Cambodia Securities Exchange, marking the first bond issuance in RMA Cambodia’s history.  The RMAC Bond is 100% guaranteed by the Credit Guarantee and Investment Facility (“CGIF”). This is the first time that CGIF, a trust fund established by the Asian Development Bank, has provided a guarantee to a corporate in Cambodia. It is also the first time that RMA Cambodia, as a non-financial institution has raised financing in Cambodian capital markets.