Phnom Penh (FN), Dec. 9 – Cambodian prime minister Hun Sen urged both international and local financial institutions to purchase bonds from Cambodia Airport Investment Co., Ltd (CAIC) to contribute to building and developing the new Techo International Airport in Takhmau

The premier spoke at the construction inspection of the new airport in Kandal’s Kandal Steung district on Thursday.

“The CAIC needs an additional USD 300 million in capital; therefore, it needs to issue and sell the bonds, with 5.5% interest rate. The purchasing of bonds contributed to reducing the allocation of foreign capital. The institutions will also profit from the interest rate with zero percent risk,” the premier underlined.

Samdech advised chairman of Cambodia Airport Investments (CAIC) Pung Kheav Se to widely promote the sales of bond for further airport development.

The bond was supported by the kingdom’s Ministry of Economy and Finance, including zero percent risk permit from the National Bank of Cambodia, which received overwhelming support from public and private financial institutions as well as local insurance companies.
=FRESH NEWS