By Angela McDaniels
Tacoma, Wash., Dec. 2 - PTT PCL issued 4 billion baht of 5.9% bonds (/AAA) due Dec. 2, 2110, according to a company notice filed with the Stock Exchange of Thailand.
The bonds are putable in years 50 and 75.
Bangkok Bank PCL, Kasikornbank PCL and Siam Commercial Bank PCL were the arrangers.
The bonds were issued under the authorization granted to the company by its shareholders in April 2009 to raise up to 65 billion baht. Proceeds from the external fundraising plan are being used to finance investment plans, to refinance debt and for working capital. So far, PTT has raised 51.44 billion baht.
PTT is an oil and natural gas company based in Bangkok.
| Issuer: | PTT PCL
|
| Issue: | Bonds
|
| Amount: | 4 billion baht
|
| Maturity: | Dec. 2, 2110
|
| Coupon: | 5.9%
|
| Price: | Par
|
| Yield: | 5.9%
|
| Put option: | In years 50 and 75
|
| Arrangers: | Bangkok Bank PCL, Kasikornbank PCL, Siam Commercial Bank PCL
|
| Settlement date: | Dec. 2
|
| Rating: | Fitch Ratings (Thailand) Ltd.: AAA
|
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