Thailand’s GC Treasury Center buys back some 2.98% notes due 2031

By Marisa Wong

Los Angeles, Oct. 9 – GC Treasury Center Co. Ltd. said it repurchased and canceled a portion of its $700 million 2.98% senior notes due 2031 (ISIN: US36830DAF87) guaranteed by PTT Global Chemical PCL.

The issuer has repurchased $36,197,000 of the notes on the open market as of Oct. 9, according to a notice.

As of Oct. 6, there was $663,803,000 principal amount outstanding.

The notes were issued in March 2021 and are listed on the Singapore Exchange.

The company said it may make further repurchases of its senior notes.

GC Treasury is a Bangkok-based investment company. Its parent company PTT Global Chemical is a petrochemical company also based in Bangkok.

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