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MarketScreener Homepage  >  Equities  >  Stock Exchange of Thailand  >  PTT    PTT   TH0646010Z00


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

PTT offers 2 series of bonds: 3Y green bond and 7Y bond during 20 - 23 July 2020 with AAA(tha) rating and the coupon rates of 2.25% and 2.85% p.a.

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07/09/2020 | 06:38am EDT
08 July 2020
With the successful issuance of THB 20,000 million bonds to Institutional and High net worth investors on 2 July, PTT Public Company Limited (PTT) will offer 2 series of bonds to the general public, consisting of 3-year green bond with a coupon rate of 2.25% p.a. and 7-year bond with a coupon rate of 2.85% p.a., payable semi-annually. The 7-year bonds will be offered to the holders of PTT bonds due during 2016-2019 on 20 July and both series of bonds will be offered to the general public during 21-23 July. Krungthai Bank, Bank of Ayudhya, KASIKORNBANK, and The Siam Commercial Bank are joint lead managers. The bonds have been assigned AAA(tha) rating by Fitch Ratings (Thailand) Limited, the highest quality for debt securities issued in Thailand. PTT is confident that the bonds will receive good feedback from investors who are looking for the high quality of investment securities.

Mr. Auttapol Rerkpiboon, President and Chief Executive Officer of PTT Public Company Limited (PTT), revealed that PTT has filed the Registration Statement and the Draft Prospectus to offer Debt Securities under the Medium Term Note Program (MTN Program) in 2 series of bonds comprising of 3-year green bond with coupon rate of 2.25% p.a. and 7-year bond with coupon rate of 2.85% p.a. and currently, the filed Registration Statement and the Draft Prospectus are already effective.

These bonds have been assigned AAA (tha) by Fitch Ratings (Thailand) Limited on 14 April 2020, the highest quality for debt securities issued in Thailand.

PTT will give privilege to the holders of PTT bonds matured during 2016-2019 for an exclusive subscription right for the 7-year bonds on 20 July 2020 (Right checking will be available at PTT's website during
8 - 20 July: https://pttdebenturegw.pttplc.com/bondrightchecking). The subscription period for general public will occur during 21 - 23 July 2020 for the 3-year green bond and the 7-year bond, as per details below:

Subscription Date 3Y Green Bond 7Y Bond
20 July 2020 - The holders of PTT bonds due
(subscription amount is not exceeding 1 million baht/person/bank)
21-23 July 2020 General public
(subscription amount is not exceeding 1 million baht/person/bank)
General public

PTT has appointed Krung Thai Bank Public Company Limited, Bank of Ayudhya Public Company Limited, KASIKORNBANK Public Company Limited, and The Siam Commercial Bank Public Company Limited - as the joint lead managers for this transaction.

Mr. Auttapol added that the issuance of this bond is to reserve for future investment, working capital, and/or to refinance the maturing loans/bonds. The proceeds of the 3-year green bond are to finance and/or re-finance our environmental projects and this green bond can create the sustainability for Thailand which is one of our mission, i.e. the Reforestation Campaign in 'Reforestation project for ecosystem recovery and reduce global warming crisis', and the learning centers under the PTT Reforestation and Ecosystem Institute. These projects can help CO2 absorption, expand forest areas, expand green areas in cities, including to improve the population's quality of life according to the internationally accepted standards on green bond issuance. In this regard, PTT is the first company in Thailand to issue and offer green bonds to general public investors, enabling them to take part in environmental conservation. PTT is also the first company in the world to have been awarded with the Forest Conservation Project certification by the Climate Bonds Initiative (CBI), an independent international environmental organization promoting investments contributing to society and a low-carbon economy or the mitigation of greenhouse gas emissions.

'We are confident that PTT's bonds will be received good feedback from the investors, particularly during this period that investors are seeking for high quality of investment securities with continuous growth story. PTT is committed to devoting itself to uplift the community, society, and environment. PTT conducts businesses based on good governance principles, aiming to attain sustainable development across its stakeholders. In addition, this series of bonds is considered as a high quality and low risk investment securities as reflected in the Fitch Ratings of AAA(tha), which is assigned to bond or debt securities issuers with the lowest probability of default, while also receiving a regular return throughout the bond tenor,' Mr. Auttapol said.

PTT Public Company Limited is Thailand's largest premier multinational energy company.
It conducts fully integrated oil and gas businesses under company itself and investment through PTT Group's affiliates, focusing on adding value and leveraging businesses to ensure national energy security and prosperity for Thais under its business philosophy of 'Sustainable Growth for All'.

In 2019, PTT was listed in the Dow Jones Sustainability Indices (DJSI) for the 8th consecutive year in the World Index and the Emerging Market Index, reflecting the organizations' leadership in sustainability management on par with other leading companies. This DJSI award has illustrated the international recognition and the pride of Thailand.

For PTT's bonds subscription, please visit www.sec.or.th for more detail and prospectus. Should you have inquiry please contact the joint lead managers.

Krung Thai Bank Public Company Limited Tel. 02-111-1111

Bank of Ayudhya Public Company Limited Tel. 1572

KASIKORNBANK Public Company Limited Tel. 02-888-8888 ext. 819

The Siam Commercial Bank Public Company Limited Tel. 02-777-6784


PTT pcl published this content on 08 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 July 2020 10:37:03 UTC

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