Cambodia
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A host of Asian issuers are turning to Dutch auctions for the transparency they offer, but the move has its limitations
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Korea’s Nonghyup Bank and Woori Bank both participated in the Cambodian deal
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The Cambodian borrower has exercised part of a greenshoe option
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Cambodian company NagaCorp navigated the difficulties posed by the closure of its casino to raise $200m on Monday, tackling investor questions and concerns while building up its cash reserves.
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Cambodia’s Acleda Bank has returned to the loan market after a three-year absence, and is testing lenders’ appetite for three different deals simultaneously.
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Cambodia’s Prasac Microfinance Institution has returned to the loan market for $200m, narrowing pricing by 35bp compared to its last transaction in 2020.
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Cambodian casino company NagaCorp sold a new dollar bond – and only the second from the country – this week, raising $350m.
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Cambodia’s Prasac Microfinance Institution has increased its latest offshore borrowing to $95m after attracting eight participants during syndication.
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Cambodian micro finance company Amret has closed its debut loan after attracting six participants during syndication.
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Cambodia’s Acleda Bank has set the share price for its IPO after two roadshows events, but has extended the subscription period to accommodate the government’s coronavirus containment measures.
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Cambodia’s Prasac Microfinance Institution has returned to the loan market for a $75m deal amid an ownership change.
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Acleda Bank has kicked off bookbuilding for a Riel380.7bn ($94.4m) IPO, set to be the first on the stock exchange in almost three years.
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The International Fund for Agricultural Development, the Government of Cambodia and the European Investment Bank have launched a $124.5m rural development project to boost income and food security in the southeast Asian country.
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Acleda Bank, Cambodia’s largest bank by total assets, has got the greenlight from the country’s central bank to hold a public offering.
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Cambodia’s Prasac Microfinance Institution has closed its syndicated loan at a larger size of $180m.
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Thailand and Cambodia are looking to encourage cross-border equity offerings and issuance of depositary receipts, after signing a memorandum of understanding (MOU) on Tuesday.
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Swiss firm responsAbility Investments has closed a $175m microfinance CLO via JP Morgan, revitalising an industry which last saw issuance before the financial crisis.
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Two southeast Asian companies, Prasac Microfinance Institution and Perusahaan Listrik Negara (PLN), are preparing new offshore borrowings.
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Cambodia’s Prasac Microfinance Institution is in talks with two banks for its offshore loan comeback.
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Cambodian microfinance institution Hattha Kaksekar (HKL) is poised to sell the country’s first bond later this year.
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Cambodia’s Prasac Microfinance Institution has decided to increase the size of its loan to $100m after receiving commitments from 14 lenders to the oversubscribed deal, according to a banker close to the situation.
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Dollar bond investors got their first taste of a Cambodian credit this week when casino operator NagaCorp grabbed $300m from its debut outing. But a huge tightening in the secondary market reflected the struggle in finding a fair price for the issuer. Morgan Davis reports.
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Cambodian casino operator NagaCorp clinched a $300m debut bond on Monday. But the gaming company’s notes looked cheap compared to other industry names in Macau, causing the yield to drop significantly in secondary trading on Tuesday.