PTTGC offers two tranches of bonds at 2.65-3.00% interest, worth up to 17 billion baht

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Summary · why it matters

PTT Global Chemical Public Company Limited, or PTTGC, has announced a public offering of unsubordinated, unsecured bonds with a bondholders' representative, divided into two tranches: a 7-year tranche at 2.65% per annum and a 10-year tranche at 3.00% per annum. The bonds received an AA-(tha) credit rating from Fitch Ratings (Thailand) on 20 July 2026. Subscription is divided into three periods between 14 and 21 September 2026. The first period, 14-15 September 2026, is for holders of the PTTGC296A bonds. The second period, 16-17 September 2026, is for senior citizens or those aged 60 and over in 2026. The third period, 18 and 21 September 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, PTTGC's Senior Executive Vice President for Finance and Accounting, said the main goal of this bond 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 advanced to repay debt. Following this bond issuance, it will help enhance financial liquidity and support the company's business in the future in a stable and sustainable manner. In the first six months of 2026, PTTGC had a net profit of more than 15.4 billion baht and cash and cash equivalents of more than 54 billion baht. However, the company remains committed to financial discipline and continues to press ahead with its debt reduction plan. This year the company has total loan repayments of 24 billion baht but will issue no more than 17 billion baht in replacement bonds. The bonds to be offered in all three periods have a minimum subscription value of 100,000 baht, in multiples of 100,000 baht, with no limit on the subscription value for each investor. Subscriptions can be made through the branches and online systems of the bond distribution managers.

PTT Global Chemical Public Company Limited ▲