By Marisa Wong
Madison, Wis., Sept. 13 - PTT PCL announced it issued 10 billion baht of 10-year debentures with a coupon of 5.12% on Friday.
Krung Thai Bank PCL and Siam Commercial 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.
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
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Issue: | Debentures
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Amount: | 10 billion baht
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Maturity: | Sept. 13, 2023
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Coupon: | 5.12%
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Arrangers: | Krung Thai Bank PCL and Siam Commercial Bank PCL
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Rating: | Fitch (Thailand): AAA
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Settlement date: | Sept. 13
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