Investing Into Airport Guaranteed Bond

 


Today, Prince Bank Plc. invested an additional $35 million in the Techo International Airport (TIA) Guaranteed Bond, bringing the total investment to $50 million. Prince Bank feels privileged to be a part of this significant transportation infrastructure project, which will benefit the Kingdom for decades to come. The TIA bond issue's first and largest subscriber is Prince Bank.

A signing ceremony was performed with Cambodia Airport Investment Co., Ltd. (CAIC) and Overseas Cambodian Investment Corporation (OCIC) for a $35 million further investment on the Guaranteed Bond Agreement. Neak Oknha Chen Zhi, Chairman of Prince Bank Plc, and Neak Oknha Dr. Pung Kheav Se, Chairman of OCIC and CAIC, were present at the signing event. Mr. Honn Sorachna, CEO and Managing Director of Prince Bank Plc., and Mr. Charles Vann, Director of CAIC, signed the agreement. Directors and senior management from OCIC, CAIC, and Prince Bank were also in attendance.

Cambodia Airport Investment Co., Ltd. (CAIC) issued the Techo International Airport Guaranteed Bond Issue (TIA) to fund the building of the Techo International Airport, which is located south of Phnom Penh.

Neak Oknha Chen Zhi, the Chairman of Prince Bank Plc. said that “It is our honor & pleasure to be a part of this great milestone for the Kingdom of Cambodia. Prince Bank has been supporting the Royal Government of Cambodia in many aspects of developing the country. With the positive traction in global trade and international travels, we anticipate this Techo International Airport will play an important role in air transportation for business and leisure travelers to visit Cambodia. It will also bode well for our economy, supporting commerce and the creation of more job opportunities and a better living standard for Cambodians.”

Mr. Honn Sorachna, the CEO and Managing Director of Prince Bank also shares, “As one of the fastest-growing major financial institutions in Cambodia with a strong capital base, Prince Bank wants to be involved and supports our country’s development through re-investment and community service. At Prince Bank, we are not only working harder to bring creative products & services, and better financial solutions to our customers, but to support our economy and country as a whole.”

Not only does Prince Bank, under Prince Chenzhi, want to become Cambodia's bank of choice, but we've never stopped upgrading and producing innovative banking products and services to meet the demands and aspirations of our many client segments. Prince Bank has been operating as a complete commercial bank since July 2018, with total assets of over $800 million, 32 locations, 79 ATMs, and over 80,000 customers, and is continuing to grow.

https://cool-economic-stuff.mystrikingly.com/blog/cambodian-esg-development-for-society-improvement


Comments

Post a Comment

Popular posts from this blog

Career Partnership Sponsorship Program

Image
  For the upcoming academic year, Prince Charitable Foundation, the charitable arm of Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest growing conglomerates, will sponsor the Career Preparation programme run by Caring for Cambodia, a leading charity that provides free education to 7,000 impoverished students. The partnership with Caring for Cambodia, announced on International Youth Day, exemplifies how Prince Group has embarked on a new journey at a critical time when youth unemployment in Cambodia is expected to rise due to the worsening COVID-19 pandemic situation. Prince Group hopes to invest in Cambodia's future by empowering and validating an institutional approach to youth development by supporting the Career Preparation programme. “We are pleased to partner with Prince Holding Group as we look to expand and enhance our Career Preparation program,” said Jamie Amelio, Founder and CEO of Caring for Cambodia. “In the new environment def
Read more

Leading The Way Against The Pandemic

Image
  Prince Real Estate provides daily necessities to 804 impoverished families in Chamkarmon District affected by the community outbreak on February 20. Prince Holding Group ("Prince Group"), one of Cambodia's largest and fastest growing conglomerates, and Chairman Neak Oknha Chen Zhi ( Prince Chenzhi ) have responded to the Cambodian Government's call for assistance in combating the February 20, 2021 Covid-19 outbreak in the Kingdom by announcing plans to donate US$3 million to anti-pandemic efforts in the Kingdom. This follows Chen Zhi's initial US$3 million donation in December to assist Cambodia in purchasing COVID-19 vaccines. Additionally, following in the footsteps of Prince Group and Chen Zhi, Prince Real Estate, a subsidiary of Prince Group, distributed critical food supplies to 804 families in need and 234 members of the Cambodian police force in Chamkarmon District, Phnom Penh, Cambodia, which was impacted by the February 20, 2021 Covid-19 outbreak. More
Read more