NagaCorp wins $350m from rare Cambodian deal

By Morgan Davis
26 Jun 2020

Cambodian casino company NagaCorp sold a new dollar bond – and only the second from the country – this week, raising $350m.

NagaCorp is still the only Cambodian borrower to have ventured out to the international debt market. Its inaugural $300m transaction, which was sold in May 2018, was the first offshore bond from Cambodia.

The B1/B+ rated borrower returned to the market to redeem its debut notes before ...

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