PTTGC to issue seven-year debentures worth 10 billion Baht, carrying 4.50% coupon rate

PTT Global Chemical PCL (PTTGC) is offering a new batch of seven-year debentures worth 10 billion Baht, carrying a 4.50-percent coupon rate. Holders of PTTGC144A are eligible to subscribe the new issuance during July 28-29, while the subscription period for general investors is August 4-7. Debenture subscription can be done via the four underwriting banks.

Mr. Bowon Vongsinudom, CEO and President of PTTGC, revealed that the new batch of debentures aims to meet the demand of present holders of PTTGC debentures, as well as general investors.

PTTGC is an attractive investment alternative given its high credit rating with regular returns, while the company’s financial status is solid, with an executive team and staff members who are industry experts. In addition, with the diversity of its upstream and downstream chemical products as well as good corporate governance, Fitch Ratings (Thailand) Limited has rated the PTTGC debentures AA (tha), reflecting the company’s strong business and financial status.

Four banks, namely Bangkok Bank, Krungthai Bank, KASIKORNBANK and Siam Commercial Bank, were appointed as the underwriters of PTTGC’s new issuance with seven years of tenor to be redeemed in 2021. The 10-billion-Baht debentures carry a 4.50 percent coupon rate.

Two subscription periods are scheduled for two groups of investors. Holders of PTTGC144A are eligible to subscribe the debenture during July 28-29, 2014, while the general public can subscribe during August 4-7, 2014.

Interested investors may obtain more information from the prospectus, which can be downloaded from www.sec.or.th, or ask for more details of the debentures at any branch of the four underwriting banks, or from any one of the call centers of Bangkok Bank (Tel. 1333), Krungthai Bank (Tel. 1551), KASIKORNBANK (Tel. 02-888-8888 type 02), or Siam Commercial Bank (Tel. 02-777-7777)