The first seminar on corporate debt securities with private sectors was held Wednesday by Securities and Exchange Commission of Cambodia (SECC) in a session involving 70 companies for building understanding of new instruments of the forthcoming stock exchange.

Minister of finance Keat Chhon said that there is no specified schedule for the launch of Cambodia’s stock exchange which is a joint venture with the Korea Exchange (KRX) after the government set a deadline of the end of this year.

The Ministry of Economy of Finance and new exchange commission have held a number of seminars on its future role, which adds to the increasing body of published literature on bonds and securities now available in the Kingdom.

Yutaro Oku, consultant of the Cooperation of Japan’s Namura Research Institute, said in his presentation that there are two types of securities that would be available on the forthcoming bourse – bond or debt securities with fixed interest rates with no holders’ rights, and stocks or equities with fluctuating fortunes but a great decision-making role for shareholders, according to the Phnom Penh Post.

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