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S&P rates PTT notes BBB+
S&P said it assigned its BBB+ long-term issue rating to two proposed issuances of senior notes by PTT Treasury Center Co. Ltd., a financing subsidiary of PTT PCL, which is rated BBB+, and will guarantee PTT Treasury’s notes.
In this like-for-like tender, PTT will replace part or all its two notes maturing in 2035 (US$350 million, of which US$298 million is outstanding, with 5 7/8% coupon) and 2042 (US$600 million, of which US$571 million is outstanding, with 4½% coupon) with notes of similar coupon rates and maturities, S&P said.
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