By Marisa Wong
Madison, Wis., Nov. 27 - PTT PCL announced it issued 22 billion baht of seven-year debentures with a coupon of 4¾% on Friday.
Bangkok Bank PCL, Krung Thai Bank PCL, Kasikorn Bank PCL, Siam Commercial Bank PCL and Thanachart Bank PCL are the arrangers for the debentures.
The company said that the issuance is part of its five-year plan (2013-2017) to raise 250 billion baht for financing investment plans, for working capital and for refinancing outstanding debt.
As previously reported, the bank issued 10 billion baht of 5.12% debentures due 2023 in September.
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: | 22 billion baht
|
| Maturity: | Nov. 15, 2020
|
| Coupon: | 4¾%
|
| 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: | Nov. 27
|
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