Thai Oil has announced a tender offer to repurchase up to US$199.9 million in aggregate principal amount of the outstanding Notes prior to their respective maturity dates.
Reference is made to the senior unsecured U.S. dollar-denominated notes issued by Thai Oil Public Company Limited (SET: TOP) or by Thaioil Treasury Center Company Limited (TC), a wholly owned subsidiary of the company, as follows:
1. 4.875% Senior Unsecured Notes due 2043, issued by the company on 23 January 2013;
2. 4.875% Senior Unsecured Notes due 2043, issued by TC on 11 April 2018 and fully guaranteed by the company;
3. 5.375% Senior Unsecured Notes due 2048, issued by TC on 20 November 2018 and fully guaranteed by the company; and
4. 3.750% Senior Unsecured Notes due 2050, issued by TC on 18 June 2020 and fully guaranteed by the company,
The tender offer period will run from 27 August 2025 to 25 September 2025.
