Bangkok--5 Oct--PTT
Mr. Wirat Uanarumit, Chief Financial Officer of PTT, revealed that PTT is set to launch the latest additions to the PTT Debenture Loyalty Program by issuing new Debentures worth up to 4,200 million baht maturing on 15 November 2021 (6 years and 27 days), offering a coupon rate of 3.50% per annum. There will be two subscription periods for two groups of investors, first during 8-9 and 12 October 2015 eligible to Debenture Holders of PTT Debentures due on 17 October 2015 (PTTC15OA and/or PTTC15OC) and second during 14-16 October 2015 (if there is any remaining Debentures) for public offering to retail investors.
PTT issues the Debentures as part of the ongoing PTT Debenture Loyalty Program. This issuance has the objective of maintaining existing retail investors, primarily offered to current Debenture Holders of PTTC15OA and/or PTTC15OC. PTT has mandated four leading banks consisting of Bangkok Bank, KASIKORNBANK, Krungthai Bank and Siam Commercial Bank, as the Joint Lead Underwriters.
PTT is the multinational energy organization, 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. 02-111-1111), KASIKORNBANK (Tel. 02-888-8888 press 02), or Siam Commercial Bank (Tel. 02-777-7777)
Warning: Investors should study the product's characteristics, the terms of benefit, and the related risks prior to making investment decision.