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Firm behind first green bond posts lower Q1 earnings

Golden Tree Co Ltd (GT), the real estate firm behind the Cambodia Securities Exchange’s (CSX) first “green bond”, posted total revenues of 3.024 billion riel – or $740,364 – for the first quarter (Q1) of its 2023 financial year, ended March 31, down 1.99 per cent year-on-year as the global economic downturn hammered the real estate and construction sector.

CSX s inaugural green bond raises $1 46M

Golden Tree Co Ltd (GT) on January 19 listed the first “green bond” on the Cambodia Securities Exchange (CSX), raising 6.0721 billion riel ($1.46 million) to expand its business, in what has been hailed as a milestone in the development of the local bourse.

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