By Marisa Wong
Madison, Wis., July 31 - PTT PCL announced it issued 10 billion baht of debentures due May 15, 2019 to retail investors on Tuesday.
The interest rate is 4.1% for the first four years and steps up to 5.1% for years five through seven.
Bangkok Bank PCL, Krung Thai Bank PCL, Kasikorn Bank PCL, Siam Commercial Bank PCL and Thanachart Bank PCL were the arrangers for the debentures.
The company said that the issuance is part of its five-year plan (2010-2014) to raise 80 billion baht for financing investment plans, for working capital and for refinancing outstanding debt. The company said the remaining amount to be raised in the years 2012 through 2014 is about 44.5 billion baht.
The debentures have been rated AAA by Fitch Rating (Thailand) Ltd.
PTT is a state-owned oil and gas company based in Bangkok.
| Issuer: | PTT PCL
|
| Issue: | Debentures
|
| Amount: | 10 billion baht
|
| Maturity: | May 15, 2019
|
| Coupon: | 4.1% initially, 5.1% beginning in year five
|
| Arrangers: | Bangkok Bank PCL, Krung Thai Bank PCL, Kasikorn Bank PCL, Siam Commercial Bank PCL and Thanachart Bank PCL
|
| Rating: | Fitch (Thailand): AAA
|
| Settlement date: | July 31
|
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