ENERGY
PTT will issue $2bn in debt to fuel growth
10-year bonds aimed at long-term investments
- Published: 13 Oct 2012 at 00.00
- Newspaper section: Business
The SET-listed PTT Plc, Thailand's energy flagship, expects to introduce US-dollar-denominated debentures worth up to US$2 billion to take advantage of high liquidity and low interest rates in the US.
The 10-year bond issue is expected by the end of this month or early next month, said chief financial officer Surong Bulakul.
Proceeds from the debentures will finance business expansion at PTT and support the capital increase of PTT Exploration and Production Plc. Details of the debentures will be finalised next week.
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