As many as five companies are likely to list their corporate
bonds on the Cambodia Securities Exchange (CSX) this year, according to the Securities and Exchange Regulator of Cambodia (SERC).
“In 2024, at least five companies will list corporate bonds. Three of them are currently in the process of listing. This is a significant move for the market,” SERC Director-General Sou Socheat said in an event held recently.
The fact that new companies are coming forward to list on the CSX, reflects the market awareness towards fundraising, he said. The stock market will now have more options to offer investors.
And for businesses, this would be an ideal way to tap into funds to expand their businesses.
“Investors are now aware of the market. They know how to best invest in bonds with maturity date between 5-10 years,” Socheat said.
According to Hong Sok Hour, CEO of CSX, listed companies have raised as much as $379 million from the market with an average daily trading value of around $210,000. There are 23 listed companies on CSX, with 11 offering their equity shares and 12 offering their corporate bonds.
Royal Group subsidiary Telcotech Ltd, which is a provider of fibre optics infrastructure and submarine networks, listed in January its second $20 million bond on the CSX. As for its long-term outlook, CSX has set a daily trade volume of $100 million in 2030, Sok Hour said. Launched in 2012, CSX is a joint venture between the Cambodian government (with a 55 percent stake) and the Korean Exchange (45 percent stake). Credit khmertimeskh
