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Cambodia to issue first-ever sovereign bond worth 300 mln USD in September

PHNOM PENH, Aug. 25 (Xinhua) — Cambodia will issue the first-ever sovereign bond worth 300 million U.S. dollars in September, according to a news release from the Ministry of Economy and Finance on Thursday.

Par value of a bond is 1 million riels (about 245 U.S. dollars), the news release said, adding that bond maturities are one year, three years and five years.

Investors will enjoy a 50-percent deducti