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Microlender raises $29m via Cambodia's first corporate bonds

Newly tapped alternative to bank loans offers chance to develop financial sector

Despite the start of trading six years ago, Phnom Penh's CSX has only five listed shares.   © Reuters

HANOI -- Phnom Penh-based microfinance institution Hattha Kaksekar listed the first corporate bonds in Cambodia on Thursday, raising hopes that local companies will use this option to raise capital and ultimately stimulate the country's small securities market.

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