Post by account_disabled on Dec 27, 2023 1:25:27 GMT -8
PTT reveals successful results of bond offering Under the project to issue debt instruments (MTN Program) to institutional investors. Major investors To use as an investment working capital and repay the loan as it matures. The total amount reserved for bonds is more than 65,000 million baht, or 4.2 times the offering value. While the maximum bond tenure of 25 years is still very popular. Reflecting confidence in the leadership of the integrated energy business group The bonds are rated AAA (tha) by Fitch Ratings (Thailand) Company Limited, which is the highest rating for debt instruments issued in Thailand. – Mr. Atthaphon Rerkpiboon, Chief Executive Officer and President of PTT Public Company Limited (PTT), revealed. that although PTT has been absent from issuing bonds since 2015, PTT still receives an excellent response from investors in offering bonds to institutional investors.
Major investors The demand from investors Job Function Email Database was more than 65,000 million baht, or 4.2 times the value of the offering. As a result, PTT increased the reserve bond for offering by another 5,000 million baht (Exercise Greenshoe) from the value of the bond issuance. Originally 15,000 million baht, the total offering value is 20,000 million baht, reflecting the confidence investors have in PTT. This bond offering consists of 5 series of bonds, including 2-year, 5-year, 10-year, 15-year versions. 1 year and 25 years, which have a fixed interest rate of 1.21%, 2.05%, 2.84%, 3.20%, and 3.74% per year, respectively. There are investors interested in subscribing, covering all types, such as funds under the management of asset management companies. Life insurance companies, cooperative groups, commercial banks Including large investors (not including individuals) and is scheduled to issue bonds on July 2, 2020. “PTT issuance and offering of bonds to institutional investors.
Major investors, this time is the right time. After market conditions began to return to be favorable Both interest rates are low. In addition, investors are still looking for investment opportunities in companies that have continuous growth and stable financial status. As a result, PTT's bonds receive an appropriate interest rate and maturity. Especially bonds with the longest tenure of 25 years, which nowadays you don't see many long-term bonds in the market. It appears that there has been a very good response from investors. Therefore, the presentation of all 5 series of bonds has a variety of both bond maturity and returns. Therefore, it is an opportunity for PTT to effectively manage financial costs,” Mr. Atthaphon said. The debentures have been rated AAA (tha) by Fitch Ratings Company (Thailand). ) Co., Ltd. emphasizes the strength of PTT's financial position for this distribution.
Major investors The demand from investors Job Function Email Database was more than 65,000 million baht, or 4.2 times the value of the offering. As a result, PTT increased the reserve bond for offering by another 5,000 million baht (Exercise Greenshoe) from the value of the bond issuance. Originally 15,000 million baht, the total offering value is 20,000 million baht, reflecting the confidence investors have in PTT. This bond offering consists of 5 series of bonds, including 2-year, 5-year, 10-year, 15-year versions. 1 year and 25 years, which have a fixed interest rate of 1.21%, 2.05%, 2.84%, 3.20%, and 3.74% per year, respectively. There are investors interested in subscribing, covering all types, such as funds under the management of asset management companies. Life insurance companies, cooperative groups, commercial banks Including large investors (not including individuals) and is scheduled to issue bonds on July 2, 2020. “PTT issuance and offering of bonds to institutional investors.
Major investors, this time is the right time. After market conditions began to return to be favorable Both interest rates are low. In addition, investors are still looking for investment opportunities in companies that have continuous growth and stable financial status. As a result, PTT's bonds receive an appropriate interest rate and maturity. Especially bonds with the longest tenure of 25 years, which nowadays you don't see many long-term bonds in the market. It appears that there has been a very good response from investors. Therefore, the presentation of all 5 series of bonds has a variety of both bond maturity and returns. Therefore, it is an opportunity for PTT to effectively manage financial costs,” Mr. Atthaphon said. The debentures have been rated AAA (tha) by Fitch Ratings Company (Thailand). ) Co., Ltd. emphasizes the strength of PTT's financial position for this distribution.