IFC prints inaugural Cambodian riel-linked note

By Frank Jackman
13 May 2019

The International Finance Corporation printed the first offshore Cambodian riel-linked note last week. The bond’s proceeds will go towards the creation of a local capital market in Cambodia and the expansion of local currency lending in the country.

The International Finance Corporation sold a $12m 7.15% November 2021 synthetic Cambodian riel-linked note on May 8. The coupon and redemption are linked to the dollar/Cambodian riel exchange rate. ING priced the note at par.

The bond’s proceeds will go towards funding local microfinance institution Hattha Kaksekar ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial