Yuanta Securities Cambodia Subsidiary, First to List 'Green Bonds' on Local Exchange

Yuanta Securities Cambodia (hereinafter Yuanta Securities Cambodia), the Cambodia branch of Yuanta Securities, successfully listed and began trading Cambodia's first 'Green Project Bond' on the Cambodia Securities Exchange (CSX) on the 11th (local time).

The bond listed this time is Cambodia's first green bond worth approximately 50 million USD (about 71.3 billion KRW), solely underwritten by Yuanta Securities Cambodia. It attracted interest from major local and overseas institutional investors in Cambodia and was successfully issued.

On the 11th (local time), the listing ceremony of bonds on the Cambodia Securities Exchange. On the far right is Han Kyung-tae, head of Yuanta Securities Cambodia branch. Photo by Yuanta Securities

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The funds raised through the bond issuance will be used to expand the solar power infrastructure of SchneiTec Dynamic, Cambodia's largest solar power development company, and to support Cambodia's energy independence and transition to clean energy sources.

Han Kyung-tae, head of Yuanta Securities Cambodia, said, "The issuance of this green bond is an important first step not only as a financial instrument but also for the development of both Cambodia's bond market and the renewable energy sector. We will continue to actively support the financing of renewable energy projects essential for Cambodia's sustainable economic growth and strive to fulfill our role in Cambodia's financial market."

Yuanta Securities Cambodia, the only domestic securities firm in Cambodia, first entered Cambodia in 2006 as the first domestic securities company to do so, and obtained comprehensive securities firm status first at the end of 2011.

Since the establishment and early development of the Cambodia Securities Exchange in 2012, it has played a key role, acting as sole underwriter for Cambodia's first IPO, Phnom Penh Water Supply Authority, as well as Phnom Penh Autonomous Port and the largest local commercial bank, Acleda Bank, maintaining its role as a local market leader for 20 years.

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