Acleda Bank Issues $100 Million Subordinated Bonds to Expand Operations

PHNOM PENH, Cambodia (Oct.08, 2025) — Acleda Bank officially listed its second subordinated bond offering on the Cambodia Securities Exchange (CSX) on October 8, 2025, raising $100 million to support and expand its operations.

Dr. In Channy, CEO of Acleda Bank, announced that the bank successfully issued subordinated bonds worth 400 billion riel (approximately $100 million), following approval from CSX to list the debt securities for qualified investors. This marks the Bank’s second bond issuance, following its initial offering on February 24, 2025.

According to Dr. Channy, the subscription period ran from September 8 to 11, 2025, and attracted 77 qualified investors who fully subscribed to the offering. The bonds carry an annual coupon rate of 7.5%, providing attractive returns while enabling the bank to mobilize long-term capital for operational growth and economic development.

Hong Sok Hour, CEO of CSX, highlighted that ASA Bank has raised a total of $200 million within one year, demonstrating the vibrancy of Cambodia’s capital market. “This $200 million shows we are moving toward transforming the securities sector into a sustainable funding source,” he said, adding that future fundraising could reach billions annually.

Sour Socheat, Director General of the Securities and Exchange Regulator of Cambodia (SERC), noted that despite global financial challenges, Cambodia’s securities market remains resilient. He reported that in 2024, the market raised over $400 million, and projections for 2025 exceed $700 million.

“We’ve already reached $650 million this year, including Acleda Bank’s $100 million,” he said, referencing an upcoming public equity offering of $12 million and another bond worth $40 million expected by year-end.

Hean Sahip, Secretary of State at the Ministry of Economy and Finance and Chairman of the Securities Market Development Committee, praised Acleda Bank’s leadership for its commitment to developing Cambodia’s capital market.

He emphasized that the bank’s second bond listing reflects the sector’s forward momentum and its role in financing both private enterprise and public initiatives.