Wing Bank (Cambodia) Plc. has invested US$2 million in the Cambodia Airport Investment Co. Ltd. (CAIC)’s guaranteed bond to support the development of the Techo International Airport in Kandal province, whose construction currently reached 30 percent.
The signing ceremony was held on Thursday at Canadia Tower between CAIC represented by Mr. Charles Vann, Director; and Wing Bank represented by Mr. Han Peng Kwang, Chief Executive Officer, under the presidency of Neak Oknha Pung Kheav Se, Chairman of Overseas Cambodian Investment Corporation Ltd. (OCIC) and Neak Oknha Kith Meng, Chairman and CEO of Royal Group of Companies.
The coupon rate of CAIC bond is 5.5 percent per annum with 3 years tenor and guaranteed by OCIC.
The funds raised from Techo International Airport Guaranteed Bond will be used for the construction and development of Techo International Airport in Kandal province.
Wing Bank Plc. is the 7th local bank investing on CAIC guaranteed bond for the new international airport, after Prince Bank, FTB, ABA, CP Bank, Acleda Bank, and Alpha Commercial Bank.
CAIC is a joint venture between the Royal Government of Cambodia represented by the State Secretariat of Civil Aviation and OCIC. The RGC has granted CAIC the rights to own, design, construct, finance, operate, maintain and manage Techo International Airport Project.

Source: Agency Kampuchea Press