Investors grab PTTEP bonds despite big tightening

Pipeline_AdobeStock_575x375_09March20
By Morgan Davis
05 Jun 2020

Thailand’s PTT Exploration and Production Public Co (PTTEP) found strong support for its $500m seven year bond on Thursday, despite an aggressive price tightening during bookbuilding.

The state-owned oil and gas company is no stranger to the debt market. It found overwhelming support from dollar investors for a 10 year bond that it sold in January and a 40 year note that it printed last November.

The issuer was ready to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial