IFC prints inaugural Cambodian riel-linked note
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 ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com