By Christine Van Dusen and Aleesia Forni
Columbus, Ohio, June 7 - PTT Exploration & Production PCL's (Baa1/BBB+/) subsidiary, PTTEP Canada International Finance Ltd., priced a $500 million 6.35% 30-year bond at par, according to a market source.
Initial talk was set in the 6.5% area.
Citigroup, Deutsche Bank, HSBC and UBS are bookrunners for the Rule 144A and Regulation S deal.
As previously reported, the company held a roadshow in early May.
PTT Exploration & Production is a Bangkok-based energy and exploration company that is 65% owned by the government of Thailand.
| Issuer: | PTTEP Canada International Finance Ltd.
|
| Guarantor: | PTT Exploration & Production PCL
|
| Issue: | Bonds
|
| Amount: | $500 million
|
| Maturity: | June 12, 2042
|
| Bookrunners: | Citigroup, Deutsche Bank, HSBC, UBS
|
| Coupon: | 6.35%
|
| Price: | Par
|
| Yield: | 6.35%
|
| Spread: | Treasuries plus 359.6 bps
|
| Trade date: | June 7
|
| Settlement date: | June 12
|
| Distribution: | Rule 144A, Regulation S
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB+
|
| Price talk: | 6.5%
|
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