---
title: CamGSM two steps closer to launching US$20b sustainability bond - Developing Telecoms
description: Cambodian operator CamGSM PLC says it has cleared two key regulatory hurdles to listing its planned US$20 billion sustainability bond next month.
canonical_url: https://developingtelecoms.com/telecom-business/operator-news/15588-camgsm-two-steps-closer-to-launching-us-20-billion-sustainability-bond.html
language: en-GB
date: 2023-10-09T08:33:28Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/operator-news/15588-camgsm-two-steps-closer-to-launching-us-20-billion-sustainability-bond.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 1086
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/operator-news/15588-camgsm-two-steps-closer-to-launching-us-20-billion-sustainability-bond.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


Cambodian operator CamGSM PLC says it has cleared two key regulatory hurdles to listing its planned US$20 billion sustainability bond next month.

CamGSM – which operates under the brand name Cellcard – announced Friday that it received “approval in principle” from the Securities Exchange Regular of Cambodia (SERC) for its sustainability bond listing eligibility. It also received the same approval in principle from the Cambodia Securities Exchange (CSX) on September 28.

The operator plans to issue its sustainability bond of up to US$20 million with a maturity of 10 years, effective early November 2023. CamGSM intends to use the money earned from the bond to fund network expansion and pay off existing debts.

CamGSM says it is still negotiating the interest rate and the creditors for the bond, which is being underwritten by Royal Group Securities. If everything goes according to plan, CamGSM would become the first issuer of a sustainability bond in Cambodia.

The sustainability bond follows CamGSM’s IPO launch in June last year, which raised over US$5 million. The bond has been in the works since July 2023, when the board of directors authorizing the issuance of debt securities up to US$70 million.

Last month, Cellcard reported a net profit of 45.8 billion riel (around US$11 million) for the second quarter of FY2023, up 9.9% year on year.

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/www.developingtelecoms.com\/#john_tanner_b807895845"
            },
            "dateModified": "2023-10-09T08:33:28Z",
            "datePublished": "2023-10-09T08:32:42Z",
            "description": "Cambodian operator CamGSM PLC says it has cleared two key regulatory hurdles to listing its planned US$20 billion sustainability bond next month.",
            "headline": "CamGSM two steps closer to launching US$20b sustainability bond",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/Places\/phnom_penh_boulevard_600.jpg",
                    "caption": "",
                    "description": "CamGSM two steps closer to launching US$20 billion sustainability bond",
                    "width": 600,
                    "height": 450
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/www.developingtelecoms.com\/telecom-business\/operator-news\/15588-camgsm-two-steps-closer-to-launching-us-20-billion-sustainability-bond.html"
            },
            "publisher": {
                "@id": "https:\/\/www.developingtelecoms.com\/#defaultPublisher"
            },
            "url": "https:\/\/www.developingtelecoms.com\/telecom-business\/operator-news\/15588-camgsm-two-steps-closer-to-launching-us-20-billion-sustainability-bond.html"
        },
        {
            "@type": "Person",
            "name": "John Tanner",
            "@id": "https:\/\/www.developingtelecoms.com\/#john_tanner_b807895845"
        },
        {
            "@id": "https:\/\/www.developingtelecoms.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/www.developingtelecoms.com\/",
            "logo": {
                "@id": "https:\/\/www.developingtelecoms.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/www.developingtelecoms.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->