ASEAN KEY DESTINATIONS
Citibank sees opportunities in Cambodia: report
The report said Darren Buckley, country head of the US bank's operations in Thailand, met with Economy and Finance Minister Keat Chhon yesterday afternoon.
Mey Vann, head of the financial industry department at the Ministry of Economy and Finance, was quoted as saying that that he urged Cambodia to conduct a sovereign bond issue.
"In the meeting, Darren Buckley urged Cambodia to consider issuing sovereign bonds and promised to act as an underwriter for such bond trading in order to attract more foreign investors to Cambodia," he reportedly said.
Keat Chhon responded that the country had no plan to issue the sovereign bonds in the short term but would consider an issue in the longer term.
The bank has a strong presence in all Asean countries except Cambodia, Laos and Myanmar.
For at least a decade, senior bank officials have been saying they are not interested in establishing a presence in Cambodia, arguing that the market is too small.
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