Post by account_disabled on Jan 6, 2024 4:18:13 GMT
PTTEP Treasury Center Company Limited issues and offers unsubordinated and guaranteed bonds. to institutional investors and large investors in Thailand for the first time in 5 years, valued at 15,000 million baht, with plans to use the proceeds as revolving capital and to repay maturing debts. Mr. Phongsathorn Thavisin, Chief Executive Officer and President of PTT Exploration and Production Public Company Limited or PTTEP, said that the issuance and offering of bonds this time was carried out by PTT Company.
ONEP Treasury Center B2B Email List Company Limited, a subsidiary of PTTEP, issued debentures. Unsubordinated and with a guarantor for institutional investors and large investors The offering value is 15,000 million baht, with a term of 3 years, due for redemption in 2022, with a fixed annual interest rate of 2.26 percent. In this issuance of bonds, PTTEP is the guarantor of both bonds. quantity “This bond offering is the first time in 5 years that PTTEP has offered bonds in Thailand. which was very successful Because the number of subscriptions was more than 3 times higher and it was the private bond with the highest number of subscriptions per issue in 2019, reflecting the confidence that investors have in PTTEP.
The money received from the offering This sale of bonds will be used by PTTEP as working capital. Including repaying other bond debts that are due,” Mr. Phongsathorn said. In addition, this offering of bonds is the first time in Thailand issued by a company that is a standalone Treasury Center, increasing efficiency in capital management. and is considered to support the government's policy of making Thailand an investment center. The debentures are registered with the Thai Bond Market Association. and has received a credit rating of "AAA, stable outlook" by TRIS Rating Company Limited, and has Hong Kong and Shanghai banks.
ONEP Treasury Center B2B Email List Company Limited, a subsidiary of PTTEP, issued debentures. Unsubordinated and with a guarantor for institutional investors and large investors The offering value is 15,000 million baht, with a term of 3 years, due for redemption in 2022, with a fixed annual interest rate of 2.26 percent. In this issuance of bonds, PTTEP is the guarantor of both bonds. quantity “This bond offering is the first time in 5 years that PTTEP has offered bonds in Thailand. which was very successful Because the number of subscriptions was more than 3 times higher and it was the private bond with the highest number of subscriptions per issue in 2019, reflecting the confidence that investors have in PTTEP.
The money received from the offering This sale of bonds will be used by PTTEP as working capital. Including repaying other bond debts that are due,” Mr. Phongsathorn said. In addition, this offering of bonds is the first time in Thailand issued by a company that is a standalone Treasury Center, increasing efficiency in capital management. and is considered to support the government's policy of making Thailand an investment center. The debentures are registered with the Thai Bond Market Association. and has received a credit rating of "AAA, stable outlook" by TRIS Rating Company Limited, and has Hong Kong and Shanghai banks.