Mr. Phongsathorn Thavisin, President and CEO of PTTP Exploration and Production Company Limited or PTTEP, has disclosed that PTTEP Financial Management Company Limited, a subsidiary company of PTTEP through the issuance of non-subordinated debentures and guarantor For institutional investors and large investors The offer price of 15 billion baht, maturing in 3 years, will be redeemed in 2022 with a fixed interest rate of 2.26% pa. This offer is the first time in 5 years that PTTEP has offered debentures. In Thailand Which was very successful Because the number of bookings is 3 times higher and it is a private debenture that has the highest number of signatures per model in 2019, reflecting the confidence that investors have for PTTEP
"In the issuance of this debenture, PTTEP is guarantor of the total value of the debentures, and the proceeds from the debenture offer will be used as working capital, including the payment of other debentures due," Mr. Phongsathorn said.
Mr Phongsathorn said The offer for this debenture is also the first time in Thailand that is issued by a company which is a specialized money management center. This is to increase the efficiency of capital management. And it is considered a political support from the government that requires Thailand to be an investment center For such debentures, registered in the Thai Bond Market Association And received a credit rating in "stable AAA trend" by TRIS Rating Co., Ltd. and banks Hong Kong and Shanghai Banking Corporation Limited, Bangkok Branch, in collaboration with the Siam Commercial Bank Public Company Limited as subscriber