By Susanna Moon
Chicago, June 1 - PTT Exploration and Production PCL said it issued four tranches of unsecured and unsubordinated debentures to retail investors and institutional investors for a total amount of Thai baht 40 billion.
In the first tranche, the company sold 18.3 billion baht of debentures, 1/2552 series 1, due in three years with a 3¼% coupon in a public offering.
In the second tranche, the company sold 11.7 billion baht of debentures, 1/2552 series 2, due in five years with a 4% coupon in a public offering.
In the third tranche, the company sold 5 billion baht of debentures, 2/2552 series 1, due in four years to institutional investors. The coupon will be 3% for first two years. After that, the rate will be based on the 6-month baht FIX plus 125 basis points, with a floor of 3¼% and a cap of 6%.
In the fourth tranche, the company sold 5 billion baht of debentures, 2/2552 series 2, due in 10 years with a 4.8% coupon to institutional investors.
Bangkok Bank PCL, Krung Thai Bank PCL, Kasikornbank PCL, the Siam Commercial Bank PCL and Barclays Capital Securities (Thailand) Ltd. are joint bookrunners.
Bank of Ayudhya PCL, CIMB Thai PCL, TMB Bank PCL, Siam City Bank PCL, Standard Chartered Bank (Thai) PCL, United Overseas Bank (Thai) PCL, Kiatnakin Securities Co. Ltd., Thanachart Securities PCL and Tisco Securities Co. Ltd. are arrangers.
The debentures have been rated AAA by TRIS Rating.
The issuer is a Bangkok-based petroleum exploration and production company.
| Issuer: | PTT Exploration and Production PCL
|
| Issue: | Unsecured and unsubordinated debentures
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| Amount: | Thai baht 40 billion
|
| Bookrunners: | Bangkok Bank PCL, Krung Thai Bank PCL, Kasikornbank PCL, the Siam Commercial Bank PCL and Barclays Capital Securities (Thailand) Ltd.
|
| Arrangers: | Bank of Ayudhya PCL, CIMB Thai PCL, TMB Bank PCL, Siam City Bank PCL, Standard Chartered Bank (Thai) PCL, United Overseas Bank (Thai) PCL, Kiatnakin Securities Co. Ltd., Thanachart Securities PCL and Tisco Securities Co. Ltd.
|
| Settlement date: | May 29
|
| Rating: | TRIS Rating: AAA
|
|
|
| Tranche 1
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| Issue: | Debentures, 1/2552 series 1
|
| Amount: | 18.3 billion baht
|
| Maturity: | May 29, 2012
|
| Coupon: | 3¼%
|
|
|
| Tranche 2
|
| Issue: | Debentures, 1/2552 series 2
|
| Amount: | 11.7 billion baht
|
| Maturity: | May 29, 2014
|
| Coupon: | 4%
|
|
|
| Tranche 3
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| Issue: | Debentures, 2/2552 series 1
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| Amount: | 5 billion baht
|
| Maturity: | May 29, 2013
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| Coupon: | 3% for first two years; after that, 6-month baht FIX plus 125 bps, with floor of 3¼% and cap of 6%
|
|
|
| Tranche 4
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| Issue: | Debentures, 2/2552 series 2
|
| Amount: | 5 billion baht
|
| Maturity: | May 29, 2019
|
| Coupon: | 4.8%
|
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