Published on 9/12/2012 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Thailand's PTT Global Chemical sells $1 billion 4¼% 10-year notes at 260 bps spread
By Aleesia Forni
Columbus, Ohio, Sept. 12 - PTT Global Chemical plc priced $1 billion 4¼% 10-year senior notes (Baa2) at 99.108 to yield 4.361%, or Treasuries plus 260 basis points, according to a syndicate source.
Goldman Sachs, Barclays, Standard Chartered and RBS were the bookrunners for the Regulation S and Rule 144A transaction, which follows a roadshow that wrapped up on Tuesday.
The petrochemical and refining company is based in Bangkok.
| Issuer: | PTT Global Chemical plc
|
| Issue: | Senior notes
|
| Amount: | $1 billion
|
| Maturity: | Sept. 19, 2022
|
| Bookrunners: | Goldman Sachs, Barclays, Standard Chartered, RBS
|
| Coupon: | 4¼%
|
| Price: | 99.108
|
| Yield: | 4.361%
|
| Spread: | Treasuries plus 260 bps
|
| Trade date: | Sept. 12
|
| Settlement date: | Sept. 19
|
| Distribution: | Rule 144A, Regulation S
|
| Rating: | Moody's: Baa2
|
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