New Issue: Thailand's PTT sells oversubscribed $400 million 10-year notes at T+138 bps

By Reshmi Basu

New York, July 15 - PTT PCL (Baa1/BBB) priced $400 million of 10-year notes at 99.121 to yield Treasuries plus 138 basis points, according to a market source.

The deal came in tighter than price guidance of 140 to 150 basis points over Treasuries.

The book size was more than $2 billion.

Citigroup, Deutsche Bank Securities and JP Morgan ran the books for the petrochemical company.

Issuer: PTT

Amount: $400 million

Issue:	Notes
Maturity:	Aug. 1, 2014
Coupon:	5¾%
Issue Price:	99.121
Yield:	5.867%
Spread:	138 basis points
Pricing date:	July 15
Settlement date:	July 22
Bookrunners:	Citigroup, Deutsche Bank Securities, JP Morgan
Ratings:	Moody's: Baa1
	Standard & Poor's: BBB

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