"The First Cambodian Corporate Bond No.1" to be issued to the public by Hattha Kaksekar Limited

Hattha Kaksekar Limited (HKL) obtained an approval letter from the National Bank of Cambodia on the corporate bond issuance on August 01st, 2018, according to Oknha Hout Ieng Tong, President and CEO of HKL.  

Oknha Hout Ieng Tong expressed that, “I am well pleased to get the no-objection letter from the National Bank of Cambodia on the corporate bond issuance. HKL will be the first ever in history to issue the corporate bond in Cambodia. ”
 
"The First Cambodian Corporate Bond No.1" issued by HKL will offer in an aggregate total principal amount of KHR 80 billion, with additional bonds of KHR 40 billion in case of higher demand from the targeted investors. The Bonds have a tenor of 3 years and the coupon rate per annum is from 7.50% to 8.50%. With professional guidance and expertise provided by SBI Royal Securities, a financial advisor and underwriter, HKL strongly expects that the issuance will be successful. This groundbreaking transaction will establish a bond issuance practice and launch the bond market in Cambodia.
 
Oknha Hout Ieng Tong, added that, “HKL is going to use the net proceeds for funding the growth in lending business, for the working capital and general corporate purposes. The proceeds from HKL’s Khmer Riel bond issuance will also support rural and urban micro, small and medium enterprises (“MSME”) in Cambodia.”
 
Upon obtaining no-objection letter from the National Bank of Cambodia, HKL submitted the single submission form and disclosure document to the Securities and Exchange Commission of Cambodia (SECC) to obtain an approval on the bond issuance and register the bonds under the AMBIF (ASEAN+3 Multi-currency Bond Issuance Framework), and submitted the listing eligibility review application form to the Cambodia Securities Exchange (CSX). 
 
About Hattha Kaksekar Limited:   

HKL is the third largest microfinance deposit-taking institution in Cambodia, licensed by National Bank of Cambodia. Having been operating for more than 20 years in the market, HKL is one of the leading MFIs to provide diversified financial services to micro and small business and consumer such as micro & small business & agri-culture loan, SME Loan, housing loan, home improvement loan, Savings & Deposit, Money Transfer and other financial services through its 178 branches and 129 ATM (24/7) terminals nationwide. HKL also has an easy and smart mobile banking to serve customer anywhere anytime. As of June 2018, HKL deposit balance stood at USD 409 million with 227,679 depositors, while credit portfolio accounted for USD 660 million with 135,345 borrowers. HKL’s total asset was USD 804 million.
 
In 2016, HKL is subsidiary company a wholly-owned of the fifth largest bank in Thailand, Bank of Ayudhya (Krungsri), a member of MUFG Bank, Japan’s largest banking group; and one of the largest and most diversified financial groups in the world.

For more information, please contact to: 
Hattha Kaksekar Limited
Mr. Him Vibol, Executive Vice President & Chief Finance Officer
Phone: +855 93 777 045
Email: vibol.him@hkl.com.kh
 
SBI Royal Securities
Mr. Seng Chan Thoeun, Managing Director 
Phone: +855 77 333 629
Email: tseng@sbiroyal.com
 

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Achievement YTD 30 September 2018
Number of Office 178
Headquarter 1
Total Number of Staff 3,399
Male 2,329
Female 1,070
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Loan Outstanding USD 696 M
Number of Active Borrower 139,737
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Deposit USD 439 M
Active Customer 231,405
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