PTTGC Set to Tap Capital Markets with Subordinated Bond Issue in December
PTTGC to Issue Subordinated Capital Bonds to General and Institutional Investors
PTT Global Chemical Public Company Limited (PTTGC) is preparing for the offering of debt instruments by submitting a registration statement and a draft prospectus. The company plans to issue subordinated debentures, similar to equity bonds, with a par value of 1,000 baht per unit and an offering price of 1,000 baht per unit. The interest rate is pending a final decision.
The bonds will be offered to the public and institutional investors in December 2024 through several leading banks, including Bangkok Bank, Krung Thai Bank, Ayudhya Bank, Kasikorn Bank, CIMB Thai Bank, and Siam Commercial Bank. Additionally, several securities companies will participate in the offering, such as Kiatnakin Phatra Securities, Krung Thai Securities, Xspring Securities, Maybank Securities (Thailand), Yuanta Securities (Thailand), and Asia Plus Securities.
The bond credit status has been rated “A+(tha)” by Fitch Ratings (Thailand) Company Limited, as of 23 September 2024.
Author: Sasithorn Simaporn