CGIF backs 'landmark' Cambodia project bond from SchneiTec Dynamic

Power firm SchneiTec Dynamic SchneiTec has issued Cambodia’s first project bond, guaranteed by the Credit Guarantee and Investment Facility CGIF, a trust fund of the Asian Development Bank ADB,

This  KHR196.64 billion $49.2 million issuance featured a 15-year tenor, making it the largest CGIF-guaranteed bond and longest-tenor bond transaction in Cambodia to date, according to a media release.

The issuance comprises three tranches two CGIF-guaranteed green bonds KHR60 billion with a floating rate coupon, which had foreign banks as investors, and KHR80 billion with a floating rate coupon featuring a floor and cap, which had insurers and...