IFC may invest $20m in bond issue of Thai Krungsri's Cambodian MFI unit

The Mekong River flows from China through Myanmar, Cambodia, Laos, Thailand and Vietnam (Photo: Internet Archive)

International Finance Corporation (IFC), part of the World Bank Group, has proposed to invest up to $20 million in local currency in bonds issued by Cambodia-based Hattha Kaksekar Limited (HKL), a deposit taking microfinance institution.

HKL is wholly owned by Thailand-based Bank of Ayudhya (Krungsri) which itself is a 76.88 per cent subsidiary of Japanese banking conglomerate Mitsubishi UFJ Financial Group (MUFG).

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