IFC prints inaugural Cambodian riel-linked note

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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.

By Frank Jackman
13 May 2019


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 ...

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