By Reshmi Basu
New York, Oct. 11 - Thailand's PTT PCL said it sold 12 billion baht of unsubordinated unsecured debentures to institutional and retail investors.
The deal included a tranche of 4 billion baht of five-year debentures, which will bear an interest rate of 5.53%, and a tranche of 8 billion baht of 10-year debentures, which will carry an interest rate of 5.79%.
Proceeds will be used to refinance debt as well as for working capital.
Kasikornbank PCL, The Siam Commercial Bank PCL and Standard Chartered Bank (Thai) PCL were underwriters.
PTT, which has headquarters in Bangkok, Thailand, is an oil and gas conglomerate.
| Issuer: | PTT PCL
|
| Issue: | Two tranches of unsubordinated unsecured debentures
|
| Total amount: | 12 billion baht
|
| Settlement date: | Oct. 12
|
| Rating: | Fitch: AA+
|
|
|
| Five-year debentures
|
| Amount: | 4 billion baht
|
| Maturity: | Oct. 12, 2011
|
| Interest rate: | 5.53%
|
|
|
| 10-year debentures
|
| Amount: | 8 billion baht
|
| Maturity: | Oct. 12, 2016
|
| Interest rate: | 5.79%
|
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