A signing ceremony was held between Overseas Cambodian Investment Corporation Ltd. (OCIC), Cambodia Airport Investment Co., Ltd. (CAIC) and Foreign Trade Bank of Cambodia (FTB) for the investment of $20 Million in the New Phnom Penh International Airport (NPPIA) Guaranteed Bond through private placement.
The funds raised from the NPPIA Guaranteed Bond will be used for the construction and development of the NPPIA in Kandal province. The NPPIA project is currently 27% completed with a total amount of $358 million (excluding airport land) already invested by CAIC.
The coupon rate of CAIC bond is 5.5% per annum with 3 years tenor and guaranteed by OCIC.
OCIC is the largest investment group and local conglomerate in Cambodia. The company’s core expertise is in real estate development, construction, property management, education, medical, shopping mall, hotel, rice mill, manufacturing etc with notable projects such as the NPPIA, Diamond Island City, Norea Island, Chroy Changvar Satellite City and Olympia City Complex.
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