GC offers 17 billion baht in public debentures at 2.65-3.00% interest

Corporate Action

โดย HoonSmart·

Summary · why it matters

PTT Global Chemical, or GC, a leading international chemicals business and the chemicals flagship of the PTT Group, is offering unsubordinated, unsecured debentures with a debenture holders' representative, redeemable by the issuer before maturity, to the general public, totaling 17 billion baht. The offering is divided into a 7-year tranche at 2.65% per annum and a 10-year tranche at 3.00% per annum, with subscription open in three periods between 14 and 21 September 2026, rated AA-(tha), through six banks: Bangkok Bank, Krungthai Bank, Bank of Ayudhya, Kasikornbank, Siam Commercial Bank and CIMB Thai Bank. The minimum subscription is 100,000 baht, in multiples of 100,000 baht, with no limit on the subscription amount per investor. Thitipong Chulapornsiridee, GC's Senior Executive Vice President for Finance and Accounting, said the main goal of this offering is to manage the capital structure and liquidity appropriately, with a plan to issue no more than 17 billion baht in debentures to replace company cash that had been set aside to repay debt, which will strengthen financial liquidity and support future business. In the first six months of 2026, GC had net profit of more than 15.4 billion baht and cash and cash equivalents of more than 54 billion baht, while for the full year the company has total debt repayment obligations of 24 billion baht but will issue no more than 17 billion baht in replacement debentures.

PTT Global Chemical Public Company Limited ▲