CAMGSM PLC (Cellcard), Cambodia’s homegrown telecommunications company, has made history by being the first to issue a USD $20 million sustainability bond on the Cambodia Securities Exchange (CSX) on November 24, 2023.
This milestone follows CAMGSM PLC’s listing on the CSX earlier on June 27, 2023, making it the first and only telecommunications company to be listed.
Watch B2B Cambodia’s event highlights video:
According to a press release issued by CAMGSM PLC, the company aims to establish a new standard of sustainability within the Cambodian business community, further asserting that the USD $20 million sustainability bond showcases its dedication to environmental and social responsibility.
During the bond issuance ceremony on the morning of November 24, 2023, Christopher Donald Tiffin, Group Chief Operating Officer of Royal Group, stated, “The CAMGSM sustainability bond will support projects aimed at mitigating climate change risks through investments in renewable energy and providing connectivity to underserved communities.”