PTT scores with super-tight 50 year deal

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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