By Marisa Wong
Madison, Wis., June 6 – PTT Exploration and Production PCL announced it completed an offering of unsubordinated debentures totaling 19.6 billion baht on Friday.
The debentures were issued in two series. The first series, totaling 8.2 billion baht, consists of five-year debentures with a coupon of 3.91%. The second series, totaling 11.4 billion baht, consists of 15-year debentures carrying a coupon of 4.82%.
Proceeds will be used for general corporate purposes, including funding petroleum exploration and production activities.
The debentures have been rated AAA by TRIS Rating Co. Ltd.
PTT is a state-owned oil and gas company based in Bangkok.
| Issuer: | PTT Exploration and Production PCL
|
| Issue: | Debentures
|
| Amount: | 19.6 billion baht
|
| Settlement date: | June 6
|
| Rating: | TRIS Rating: AAA
|
|
|
| Series 1
|
| Amount: | 8.2 billion baht
|
| Maturity: | Five years
|
| Coupon: | 3.91%
|
|
|
| Series 2
|
| Amount: | 11.4 billion baht
|
| Maturity: | 15 years
|
| Coupon: | 4.82%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
