Bangkok--9 Feb--Standard Chartered Bank
PTT Exploration and Production Public Company Limited (PTTEP) appointed Standard Chartered Bank (Thai) Pcl. as the Lead Underwriter along with Bank of Ayudhya Pcl., Krung Thai Bank Pcl. and Thanachart Securities Pcl. as co-underwriters for PTTEP’s 3-year THB 3,500 unsubordinated unsecured debentures. The coupon was closed at 4.88%. The debentures were rated at the highest rating of “AAA” by TRIS Ratings Company Limited. This funding exercise is part of the company’s plan and the proceed will be used for capital expenditure, working capital and general business purposes of PTTEP and its subsidiaries.
Khun Arthid Nanthawithaya, Regional Head, Capital Markets South East Asia, Standard Chartered Bank (Thai) Pcl. said that “This is the first corporate debenture transaction launched to the market this year. It is also the first THB debenture transaction issued by PTTEP in 4 years. The transaction was highly welcomed by the market and received an overwhelming demand from investors. The transaction was 3.3 times overbooked, despite high market volatility and political uncertainty. This demonstrated investors’ strong confidence in PTTEP’s solid operating platform, outstanding financial performance and strong financial status. Moreover, with the suitable structure of the debentures to match investors’ requirement, together with perfect launch timing, the transaction received an excessive interest from all sectors of institutional investors including mutual funds, provident/pension funds, insurance and financial institutions.”
Standard Chartered Bank (Thai) pcl
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Saofang Ekaluckrujee, Vice President Corporate Affairs
Tel: 02-724 8022 Fax: 02-724 8018
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