PTT scores with super-tight 50 year deal

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By Morgan Davis
10 Jul 2020

Thai oil and gas company PTT Public Co sold the first 50 year bond from an Asian corporation on Thursday, raising $700m from a tightly-priced deal.

BNP Paribas, Citi, HSBC and Standard Chartered were the bookrunners and lead managers of the bond, which was increased from a planned $500m after strong demand from investors.

The government-owned borrower, which shares the same Baa1/BBB+/BBB+ ratings as the Thai sovereign, is the parent company of PTT ...

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