Ms. Phattharalada Sangasaeng, Executive Vice President Finance and Accounting Department, PTT Global Chemical Public Company Limited or PTTGC, informed through the Stock Exchange of Thailand (SET) that referring to the Company’s Information Memorandum No. 16-009/2024 regarding the repurchase of certain US Dollar debentures. part By making a general tender offer (Tender Offer) dated April 17, 2024.
GC Treasury Center Co., Ltd. or GCTC, a subsidiary in which the Company holds 100% of shares, has made a general tender offer (Tender Offer) in order to repurchase USD denominated debentures. Unsecured and unsubordinated bonds (bonds) issued and offered for sale abroad by GCTC from 16 to 23 April 2024, in 3 series:
1. Debentures in the amount of USD 1,000 million, with a term of 10 years, a fixed interest rate of 4.40 percent per annum, due in 2032, which were issued and offered for sale in March 2022 (the “2032 Debentures”).
2. Debentures in the amount of USD 550 million, with a term of 30 years, a fixed interest rate of 4.30% per annum, due in 2051, which were issued and offered for sale in March 2021 (the “2051 Debentures”).
and
3. Debentures in the amount of USD 300 million, with a term of 30 years, a fixed interest rate of 5.20 percent per annum, due in 2052, which were issued and offered for sale in March 2022 (the “2052 Debentures”).
However, GCTC has set a framework for repurchasing a certain amount of bonds. 700,000,000 USD At the end of the general repurchase period, GCTC received repurchase offers from investors for a total bond value of USD 753,519,000, exceeding the framework set forth above. Therefore wishes to accept the offer to purchase the entire amount.
Tags: PTTGC bought million USD bonds exceeding Tender Offer limit approximately million USD