Summary · why it matters
PTT Global Chemical Public Company Limited, or GC, is preparing to offer two tranches of unsubordinated, unsecured bonds with a debenture holders' representative to the general public: a 7-year tranche with a coupon of 2.65% per year and a 10-year tranche with a coupon of 3.00% per year. Subscription will open in three windows between September 14 and 21, 2026. The bonds were rated AA-(tha) by Fitch Ratings (Thailand) on July 20, 2026. The first subscription window, September 14-15, 2026, is for holders of the PTTGC296A bonds. The second window, September 16-17, 2026, is for senior citizens, or those aged 60 and over in 2026. The third window, September 18 and 21, 2026, is for general retail investors, through six leading banks: Bangkok Bank, Krungthai Bank, Bank of Ayudhya, Kasikornbank, Siam Commercial Bank, and CIMB Thai Bank. 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 bonds to replace company cash that was set aside to repay debt. In the first six months of 2026, GC posted net profit of more than 15.4 billion baht and held cash and cash equivalents of more than 54 billion baht. This year the company faces total debt repayments of 24 billion baht but will issue no more than 17 billion baht in replacement bonds. All three subscription windows set a minimum subscription value of 100,000 baht, in multiples of 100,000 baht, with no limit on the subscription amount for each investor.
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