PTT Successfully Completes Debenture Issuance Worth THB20Bln, Reaffirming Good Governance

Ms. Pannalin Mahawongtikul, Chief Financial Officer, PTT Public Company Limited (SET: PTT) revealed PTT’s success of its senior and unsecured THB 20,000 million debentures issuance under the Medium-Term Note Program (MTN Program) on April 8th, 2022. The debentures are rated “AAA,” which is the highest level of local credit rating, by Fitch Ratings (Thailand) Limited. The offering comprised 3 tranches: 3 years, 5 years 6 months, and 12 years, carrying the coupon rates of 1.79%, 2.45%, and 3.47% per annum, respectively. The offering received warm welcome and solid demand from the variety number of Institutional and High Net Worth Investors over 110 institutions with total demand in excess of THB 25,000 million. PTT decided to exercise a greenshoe option of THB 5,000 million from the initial issue size of THB 15,000 million, which led to the final issue size of THB 20,000 million.

“PTT would like to express our gratitude to all investors who continuously grant warm welcome to PTT’s debenture issuances. This issuance follows PTT’s financial management plan to support PTT’s new vision “Powering Life with Future Energy and Beyond” for sustainable growth. The debentures offer a choice of secured investment to the investors who are keen to search for investing in good governance company with yield enhancement.” Ms. Pannalin said.

The debentures have been registered with the ThaiBMA, including Bangkok Bank Plc., Krungthai Bank Plc., Bank of Ayudhya Plc., KASIKORNBANK Plc., and Siam Commercial Bank Plc. were the joint lead arrangers of this transaction.