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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.