PTTGC issues 17 billion baht in bonds at 2.65% and 3.00%, subscription opens September 14-21

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PTT Global Chemical Public Company Limited, or PTTGC, is preparing to offer unsubordinated, unsecured bonds with a bondholders' representative to the general public, with a total value of up to 17 billion baht, divided into two tranches: a 7-year bond with a fixed interest rate of 2.65% per year and a 10-year bond with a fixed interest rate of 3.00% per year. Both tranches have been rated AA-(tha) by Fitch Ratings (Thailand) Limited as of July 20, 2026. The offering is divided into three periods. The first period, September 14-15, 2026, is for holders of the existing PTTGC296A bonds. The second period, September 16-17, 2026, is for elderly investors or those aged 60 and over in 2026. The third period, September 18 and 21, 2026, is for general retail investors. Investors can subscribe through six distributing banks: Bangkok Bank, Krungthai Bank, Bank of Ayudhya, Kasikornbank, Siam Commercial Bank, and CIMB Thai Bank. The minimum subscription is 100,000 baht, increasing in increments of 100,000 baht. Thitipong Chulapornsiri, PTTGC's Senior Executive Vice President of Finance and Accounting, said the bond issuance aims to optimize the company's capital structure and liquidity, with the proceeds used to replace cash the company set aside to repay debt. For its operating results in the first six months of 2026, GC reported a net profit of more than 15.4 billion baht and cash and cash equivalents of more than 54 billion baht. This year it faces total loan repayments of approximately 24 billion baht and plans to issue replacement bonds of no more than 17 billion baht.

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