Bangkok--13 Nov--Siam Commercial Bank
PTT is set to launch the latest additions to the PTT Bond Loyalty Program by issuing new Debentures worth 10,000 million baht with greenshoe amounts of up to 2,000 million baht, maturing on 15 November 2021 (6 years and 11months), offering a coupon rate of 4.00 % per annum. There will be two subscription periods for two groups of investors, first during 1-3 December 2014 eligible to Debenture Holders of PTT Debentures due on 14 December 2014 (PTTC14DA and/or PTTC14DB) and second during 9 and 11-12 December 2014 for public offering to retail investors.
Mr. Wirat Uanarumit, Chief Financial Officer of PTT, revealed that as part of the ongoing PTT Debenture Loyalty Program, the new batch of debentures has the objective of maintaining existing retail investors, this time to be primarily offered to current Debenture Holders of PTTC14DA and/or PTTC14DB.
PTT has mandated four leading banks consisting of Bangkok Bank, Krungthai Bank, KASIKORNBANK and Siam Commercial Bank, as the Joint Lead Underwriters in issuing PTT’s new Unsubordinated and Unsecured Debentures with a Debentureholders’ Representative to be redeemed on 15 November 2021 (6 years and 11 months) worth 10,000 million baht with additional greenshoe amounts of up to 2,000 million baht, offering a coupon rate of 4.00% per annum.
The first subscription period, during 1-3 December 2014, is for retail investors that are Debenture Holders of PTTC14DA and/or PTTC14DB (with a right of 1 existing share to 1 newly issued share). The second subscription period, during 9 and 11-12 December 2014, is for public offering to retail investors on the first come first serve basis but the allotment of the debentures shall be at the absolute discretion of the Joint Lead Underwriters. The minimum subscription amount is 100,000 baht and a multiple of 100,000 baht thereon.
Moreover, the remaining debentures from the allotment to investors mentioned above may be offered to any retail investors on 15 December, 2014. The allotment of subscriptions in this period shall be made at the sole discretion of the Joint Lead Underwriters.
PTT is a multinational energy company and is the integrated oil and gas operator in Thailand with the Ministry of Finance (MOF) as the major shareholder, thus making PTT strategically important and a key driver to the government policy on the development and stability of Thailand’s energy situation. In addition, the company’s financial position is very strong and is reflected by Fitch Ratings (Thailand) Limited assigning the new PTT Debenture a National Long-Term Rating of AAA (tha). Accordingly, PTT’s debenture is considered an attractive investment alternative given its high credit rating with regular returns.
Interested investors may obtain more information from the prospectus, which can be downloaded from www.sec.or.th. For more details, please contact any branches of the Joint Lead Underwriters, or their call centers; Bangkok Bank (Tel. 1333), Krungthai Bank (Tel. 1551), KASIKORNBANK (Tel. 02-888-8888 type 02), or Siam Commercial Bank (Tel. 02-777-7777)