PTTGC issues first USD bond in Thailand in 65, exceeding target, reflecting foreign confidence : InfoQuest

Mr. Kongkrapan Intharajang, Chief Executive Officer and President of PTT Global Chemical Public Company Limited (PTTGC), attended an online meeting with institutional investors from around the world. To present the details of the sale of USD Bonds

which is issued and offered for sale by GC Treasury Center Co., Ltd. (GC Treasury Center) has attracted interest and has attracted institutional investors from around the world, both from the United States. More than 300 European and Asian institutions submitted their subscription for debentures. It has a 7x subscription volume, reflecting strong confidence in GC’s bonds. This year’s first time for the company in Thailand.

such debentures It is a bond denominated in US dollars. unsecured type and unsubordinated totaling USD 1.3 billion can be sold successfully according to the planned goals to continue to continue investing according to the strategic plan creating growth in the world stage. Divided into 10-year bonds of $1 billion. Fixed interest rate of 4.40% per annum and 30-year debentures of USD 300 million. Fixed interest rate 5.20% per annum

“Amid market volatility Russia-Ukraine situation including the situation of world oil prices that continues to affect the world economy But international investors have the same confidence in GC’s fundamentals and business growth as domestic investors. The issuance of these debentures helps to strengthen the GC’s potential and strength to grow on the global stage. to support the expansion and increase the flexibility of the business in the future Meet the needs of both Thai and foreign investors.”

Dr. Kongkraphan said.

The bonds are rated BBB and Baa2 by Standard and Poor’s and Moody’s, respectively, and are listed on the Singapore Stock Exchange. As for the proceeds from the issuance of the debentures, the Company will invest in accordance with the strategy laid down, such as expanding investment projects in the country. and abroad use in general business to support the growth of the Company and within the GC Group in the future, etc.

By InfoQuest News Agency (31 Mar 65)

Tags: PTTGC, Kongkrapan Intharajang, GC Treasury Center, PTT Global Chemical, debentures, Thai stocks