ASEAN+3 Bond Market Guide 2018: Cambodia

Publication | February 2018

This Bond Market Guide reports on the significant developments expected in Cambodia’s bond market, including the issuance of corporate and government bonds and subsequent debt securities listings on the Cambodia Securities Exchange.

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Among the long-term development objectives of Cambodia’s Financial Sector Development Strategy 2011–2020 were to develop the government securities market and to issue government bonds by the National Treasury. In 2010, the Cambodia Securities Exchange (CSX) was established. The National Bank of Cambodia began issuing negotiable certificates of deposit in 2013, effectively creating an interbank money market.

Fundamental legislation and key legislation for the securities market came into effect in 2007 with the adoption of the Law on Government Securities and the Law on the Issuance and Trading of Non-Government Securities. The Securities and Exchange Commission of Cambodia (SECC) was inaugurated in 2008 and it has been gradually establishing the necessary regulatory framework and practices for a corporate bond market. The CSX has been operating since 2010 and features comprehensive listing rules. While the present listings are limited to equities, it is expected that the CSX will allow the listing and trading of debt securities as well.

About the ASEAN+3 Bond Market Guide

ASEAN+3 Bond Market Guide is a comprehensive explanation of the region’s bond markets. It provides information such as the history, legal and regulatory framework, specific characteristics of the market, trading and transaction (including settlement systems), and other relevant information. The Bond Market Guide 2018 for Cambodia is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Cambodia.


  • Overview
  • Legal and Regulatory Framework
  • Characteristics of the Cambodian Bond Market
  • Bond and Note Transactions and Trading Market Infrastructure
  • Description of the Securities Settlement System
  • Bond Market Costs and Taxation
  • Market Size and Statistics
  • Presence of an Islamic Bond Market
  • Cambodian Bond Market Challenges and Opportunities
  • Recent Developments and Future Direction
  • Appendixes

Additional Details

  • Economics
  • Finance sector development
  • Financial markets and institutions
  • Regional cooperation and integration
  • Cambodia
  • 78
  • 8.5 x 11
  • TCS189196-2
  • 978-92-9261-066-1 (print)
  • 978-92-9261-067-8 (electronic)

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