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Article: Thailand: PTT to test market with another B30bn issue.
- Article from:
- TendersInfo
- Article date:
- July 18, 2009
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Byline: manish03
PTT Plc will test the capital market with another 30-billion-baht debenture issue in the next few weeks, according to chief executive officer Prasert Bunsumpun.
The debt issue will be divided into tranches with terms ranging from three to 15 years with annual interest rates ranging from 3.2% to 5.75%, with sub-dhscriptions from July 27-30.
The fund-raising is part of the majority state-owned energy group's plan to refinance debts and reduce funding costs.
Eleven commercial banks will serve as underwriters. They are Bangkok Bank, Kasikornbank, Krung Thai Bank, Siam Commercial Bank, Bank of Ayudhya, CIMB Thai, Siam City ...