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Royal Railway Plc gets approval for issuance of bond

Train operator Royal Railway Plc, a subsidiary of local conglomerate Royal Group of Companies Ltd, has received “approval in principle” from the Council of the Non-Banking Financial Services Authority (NBFSA) to issue a bond worth about $10 million on the Cambodia Securities Exchange (CSX)

SERC reviewing Royal Railway s $10M bond issue proposal after CSX s nod

The Securities and Exchange Regulator of Cambodia (SERC) is now reviewing Royal Railway Plc’s proposal to issue a bond worth about $10 million on the Cambodia Securities Exchange (CSX) to expand its business, after the bourse on September 7 gave the in-principle nod, confirming the company’s eligibility.

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