Investing Into Techo Airport

 


Today, Prince Bank Plc. invested an additional $35 million in the Techo International Airport (TIA) Guaranteed Bond, bringing the total investment to $50 million. Prince Bank is proud to be a part of this significant transportation infrastructure development, which will benefit the Kingdom for decades to come. The first and now largest subscriber to the TIA bond issue is Prince Bank.

A signing ceremony was held with Cambodia Airport Investment Co., Ltd. (CAIC) and Overseas Cambodian Investment Corporation (OCIC) for the additional investment of $35 million on the Guaranteed Bond Agreement. Neak Oknha Dr. Pung Kheav Se, Chairman of OCIC and CAIC, and Chen Zhi Cambodia, Chairman of Prince Bank Plc, were present at the signing ceremony. Mr. Honn Sorachna, CEO and Managing Director of Prince Bank Plc., and Mr. Charles Vann, Director of CAIC, signed the agreement. The Directors and Senior Management of OCIC, CAIC, and Prince Bank were also present.

(Info on Chen Zhi background)

The Techo International Airport Guaranteed Bond Issue (TIA) is a private corporate bond issued by Cambodia Airport Investment Co., Ltd. (CAIC) to fund the construction of the Techo International Airport, which is located south of Phnom Penh.

https://en.wikipedia.org/wiki/Techo_Takhmao_International_Airport

Neak Oknha Chen Zhi, the Chairman of Prince Bank Plc. said that “It is our honor & pleasure to be a part of this great milestone for the Kingdom of Cambodia. Prince Bank has been supporting the Royal Government of Cambodia in many aspects of developing the country. With the positive traction in global trade and international travels, we anticipate this Techo International Airport will play an important role in air transportation for business and leisure travelers to visit Cambodia. It will also bode well for our economy, supporting commerce and the creation of more job opportunities and a better living standard for Cambodians.”

Mr. Honn Sorachna, the CEO and Managing Director of Prince Bank also shares, “As one of the fastest-growing major financial institutions in Cambodia with a strong capital base, Prince Bank wants to be involved and supports our country’s development through re-investment and community service. At Prince Bank, we are not only working harder to bring creative products & services, and better financial solutions to our customers, but to support our economy and country as a whole.”

With a solid foundation, Prince Bank not only aspires to be the bank of choice in Cambodia, but we have never stopped improving and developing innovative banking products and services to meet the needs and desires of our various client segments. Prince Bank has been operating as a full-service commercial bank since July 2018, and its total assets now exceed $800 million, with 32 branches, 79 ATMs, and over 80,000 customers.


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