PTTEP raises $500m in rare dollar bond from Thailand
PTT Exploration and Production raised $500m this week in a rare international bond deal from a Thai borrower — the biggest from the country since the 1997 Asian financial crisis.
Credit Suisse and Royal Bank of Scotland managed the five year issue, which was priced at a spread of 230bp over Treasuries. That was at the tight end of 230bp-240bp guidance, and came after the lead managers had whispered pricing of "the low 200s" to investors.
It was the
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