Thailand’s PTT Exploration talks perpetual dollar bonds at 5% area

By Aleesia Forni

Virginia Beach, June 11 – PTT Exploration and Production PCL (Baa3/BBB-/) set price talk for its planned dollar-denominated benchmark issue of perpetual bonds in the area of 5%, according to a market source.

BofA Merrill Lynch, Credit Suisse Securities, HSBC and J.P. Morgan Securities LLC are the bookrunners.

The bonds will be sold via Rule 144A and Regulation S.

PTTEP is a Bangkok-based energy and exploration company that is 65% owned by the government of Thailand.

© 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.