By Reshmi Basu
New York, May 24 - Thailand's PTT PCL said it sold 4 billion baht of unsubordinated unsecured debentures to institutional investors on Tuesday.
The deal included a tranche of 2.97 billion baht of 10-year debentures, which will bear an interest rate of 6.17% and a tranche of 1.03 billion baht of 15-year debentures, which will carry an interest rate of 6.53%.
Proceeds will be used to refinance debt as well as for working capital purposes.
PTT, which has headquarters in Bangkok, Thailand, is an oil and gas conglomerate.
Issuer: PTT PCL
Issue: Two tranches of unsubordinated unsecured debentures
Amount: 4 billion baht
Pricing date: May 23
| Ratings: | Fitch: AA+
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| 10-year debentures
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| Amount: | 2.97 billion baht
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| Maturity: | May 23, 2015
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| Interest rate: | 6.17%
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| 15-year debentures:
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| Amount: | 1.03 billion baht
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| Maturity: | May 23, 2021
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| Interest rate: | 6.53%
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