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Published on 10/2/2017 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Thailand’s PTT to redeem $500 million 3 3/8% notes due 2022 on Nov. 2

By Marisa Wong

Morgantown, W.Va., Oct. 2 – PTT PCL said it issued a notice of redemption for its $500 million of outstanding 3 3/8% dollar-denominated notes due 2022.

The notes will be redeemed in full on Nov. 2 at par plus an applicable premium and accrued interest to the redemption date.

The Bangkok-based oil and gas company said the purpose of the redemption is for “efficient liquidity management.”


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